Chairman - history lessons are great, but you are ultimately appointed to oversee the execution of an expanding business. What have you done to achieve this in the 22 calendar year to date?
CEO- 20% slump in online sales is a shocking performance. The uncontrolled investment in stock was a major error.
There are many online retailers growing sales in the USA at present.
Dear Phil- get on a plane with your family and move to the USA for the next 3 years at least. You can’t run a global business drinking coffee daily in Alexandria Sydney.
To both - get growth and margins back on track or go. The excuses are rubbish. We invested in the capital raising to see this business grow, not to be educated on the impacts of the Ukrainian War.
To the other directors- what value do you actually provide to this business?
Ann: AGM Chair and CEO Address, page-2
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