Corporate Travel Management chief executive Jamie Pherous lent money to a former executive at the company to whom he had already transferred almost $13 million in shares in April after she departed the business citing ill health.
“Mr Pherous was granted a charge over the 1 million Corporate Travel shares held by that entity as security for the repayment of these costs,” a spokesman said.Corporate Travel has previously been forced to clarify shareholdings by Mr Pherous and by its former chairman, Tony Bellas. In 2019,’s Rear Window column reported that Mr Pherous had failed to disclose his interest in a family vehicle that held around $13 million in shares, prompting queries from the ASX.
In April, Mr Pherous disclosed that 1 million shares linked to his interest had been disposed of for no money. Mr Pherous and Ms Ruffles, via Corporate Travel, would not disclose details of the loan. A company spokesman said Mr Pherous said it was a “private matter relating to financially supporting a health matter for Ms Ruffles”. TheMs Ruffles had joined the company in 2010, acting as chief operating officer.