AXE archer materials limited

Ann: Departure of CEO, page-111

  1. 7,263 Posts.
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    The notice periods are disclosed with the salaries for key personnel in the annual report.

    to me the whole announcement reads like text book.

    The ceo has provided notice of resignation in 6 months.
    Reasons are personal so inappropriate to say more.
    We acknowledge the CEO’s contributions, the state of business development and timing couldn’t be much better.
    We offer our thanks for the service and best wishes for the future.

    there’s not much that can be gleaned from it, but I just don’t see a worst case disaster at the moment.

    I mean, my perception is he is a brilliant genius, but the track record of share price decimation says he’s not the right CEO to drive shareholder return on investment for the next 7 years.

    A fresh change of focus on commercialisation and shareholder ROI could be coming.

    And that to me would not be all bad for Archer and it’s shareholders.
 
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