Financially-Stricken Cycling Australia Approves Major Reform, Reduces 10-Member Board
The "hierarchy of financially-crippled Cycling Australia has signed off on profound change with a rare slashing of the board among a raft of reforms" at the organization that was in the "firing line of the national sports commission," according to Samantha Lane of the SYDNEY MORNING HERALD. A meeting on Wednesday resulted in "eight directors standing down from what had been a 10-member board." A "caretaker board of three has been installed," with former Int'l Cricket Council CEO Malcolm Speed "recruited to sit alongside" CA President Gerry Ryan and Lloyd Freeburn, "who was one of four vice-presidents on the old CA board." The next "major milestone in the overhaul, which has been applauded by the Australian Sports Commission, is the appointment of a permanent board that may be only half the size of the old ensemble." The new board -- which the ASC says should be a more modern, "skills based" group -- will "elect a new CEO" (SMH, 5/1).