My reading of the this can of worms is that Sumari bought a lot of businesses, a fair proportion of which were crap. (Note he had to buy the crap to get the good stuff!.) At the time of succession, September 2017, Sumari didn't want to do the boring rationalisation work so he happily(?) moved aside.
So now? Is the clean-up finished? The final salutation would indicate a yes (...leaves with the Company's best wishes for the future.)
The return of the messiah? It's sometimes seen as good practice for a former CEO to take time out of the company before returning as a non-executive director; Michael Chaney at Wesfarmers is an example.
It's a watch for me!
Ann: Board and Senior Management Changes, page-14
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $744.8M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.0¢ | 45.0¢ | $103.2K | 227.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61462 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 22685 | 4 |
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| Last trade - 12.45pm 19/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |