Brambles non-Executive Director Jac Nasser has quit the board over a conflict of interest. Nasser is a Senior Partner of One
Brambles non-Executive Director Jac Nasser has quit the board over a conflict of interest.
Nasser is a Senior Partner of One Equity Partners, the private equity arm of JPMorgan Chase. One Equity Partners recently completed the acquisition of a company which manufactures, amongst other items, returnable plastic packaging and containers which are supplied to Brambles’ CHEP business.
Brambles Chairman Don Argus says Nasser has decided to resign to avoid any perceived potential conflict of interest.
“The board has reluctantly accepted Jac’s decision,” he says in a statement.
“I would like to thank Jac for his excellent contribution to the Brambles board over the past four years, including his service on the remuneration committee and the nominations committee, and to wish him all the best for the future.”