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Leighton CEO Wal King Gets Shareholder Support to Stay, Australian Says

Leighton Holdings Ltd. Chief Executive Officer Wal King received support from the company’s controlling shareholder, Hochtief AG, to remain in his role, the Australian newspaper said, citing Leighton Chairman David Mortimer. Mortimer resolved tensions between Hochtief and King, the newspaper reported, without saying how long King might stay in charge.

To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net

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