Steadfast plunges as CEO steps aside amid workplace complaint probe; Tim Mathieson named acting chief

* Steadfast Group (OTC:SFGLF [https://seekingalpha.com/symbol/SFGLF]) shares slipped on the Australian Securities Exchange after the insurance broker said its chief executive officer will take temporary leave amid an investigation of a workplace complaint made against him.
* Shares of Steadfast dropped the most on record on Friday, falling 19% after Robert Kelly chose to step aside to allow an external probe into the allegations.
* No claims against him have been substantiated so far, the company said, without providing details about the complaint.
* Steadfast Group (OTC:SFGLF [https://seekingalpha.com/symbol/SFGLF]) Board appointed Tim Mathieson, CEO of Australasian Broking, to the role of acting CEO, effective immediately, and he will continue in that role until the conclusion of the investigation.

MORE ON STEADFAST GROUP LIMITED

* Seeking Alpha’s Quant Rating on Steadfast Group Limited [https://seekingalpha.com/symbol/SFGLF/ratings/quant-ratings]
* Historical earnings data for Steadfast Group Limited [https://seekingalpha.com/symbol/SFGLF/earnings]
* Dividend scorecard for Steadfast Group Limited [https://seekingalpha.com/symbol/SFGLF/dividends/scorecard]
* Financial information for Steadfast Group Limited [https://seekingalpha.com/symbol/SFGLF/income-statement]