RaaS Interview with Matt Davey, page-9

It's for a few reasons:

Matt is now hands on in the business

They realise they need to put the right people in the right positions to get the best outcomes and perhaps the former CEO is better suited to business growth (top line revenue and deals) rather than prudent P/L management.

Matt acknowledge and is aware of the negative perception in the market that has been formed over the last year and as a major investor wants to turn that around by actions rather than words

We now have a true leader who understands that while growth is important that it's not the true indicator of success.

My understanding is that this is a "line in the sand" appointment and leadership change and I have got to say I like the guy and his way of thinking.

I basically got the impression he is stepping in to protect his investment
and if he succeeds it will be a massive boost to his reputation as a leader and entrepreneur.

He acknowledges that this is not a quick fix and requires ongoing change and cost control but most importantly has the belief the SP growth opportunity is huge based on cost reduction and leveraging both local and international opportunities.

The captain steering the ship usually sets the strategy, builds the exec team to carry out the strategy and creates the culture within the business.

I now have a large investment here as I believe he can turn things around.