What a disgrace
To keep the CEO is complete madness and then to pay him a base rate of $800K??
What exactly has he done
He has just sat there watching their workload diminish, margins cut and a complete downsize to a loss making business. Where is the diversification strategy? Other markets? The north west is not in a construction phase any longer and is in a operation phase that requires maintenance. NWH will not survive with some sort of diversification away from what they have always done
They need a new experienced CEO with some fresh ideas and the capability to execute them
Relying on doing what they have always done with sink them
He needs to go before it is past saving-and probably the BOD as they have just approved this
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- Ann: CEO - Revised Remuneration Package
Ann: CEO - Revised Remuneration Package, page-6
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