James Hardie Investors Oust Chair After Divisive AZEK Deal

James Hardie Industries Plc investors ousted Chair Anne Lloyd in a forceful backlash after the company pushed through a divisive $8.4 billion acquisition of home-decking provider AZEK Co. without holding a shareholder vote.

James Hardie said some 67% of votes cast opposed Lloyd’s reelection as a director at the annual general meeting, which took place late Wednesday at the building-materials company’s head office in Dublin.