Douglas Flynn will step down from the data centre developer’s board and the CEO’s bonuses will be scrapped after significant delays to a Melbourne project.
NextDC board chairman Douglas Flynn will step down from the data centre developer’s board, and the company will scrap chief executive Craig Scroggie’s bonuses after its share price plunged following significant delays to a key project in Melbourne.
The company will also cut fees paid to Flynn, who has been chairman of the ASX-listed company since 2014, and other board directors by 10 per cent.
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NextDC boss Craig Scroggie said he was sorry residents felt they had been left behind by his plans to build a major AI data centre in West Footscray.
