BRN 7.69% 21.0¢ brainchip holdings ltd

It’s very Interesting that some on The TARDis forum continue to...

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    It’s very Interesting that some on The TARDis forum continue to want to argue that the CEO Sean Hehir had no involvement at all in the recruitment of Snr Sales Director Jens Paeteu and instead put it solely down to the ex VP Sales Chris Stevens.

    In my opinion the CEO did have involvement and this is why

    Stevens was engaged Aug 2022 & Paeteu Jan 2023 an interval of 5 months. Now both are senior positions and usually with senior appointments they aren’t immediate & take at least weeks, if not months, with multiple interviews , background screening , referee checks etc.

    So let’s assume for sake of argument it took a month. Let’s also assume Jens was appointed in Dec , breaking for Xmas and starting in Jan 2023 in the new year. So if Jens was appointed in Dec 22 and started the selection process in Nov, then Mr Stevens (his future boss) would have only been with BRN at most 4 months, and usually when you start any type of new position (especially senior management ) there is a probationary period anywhere from 3 to 6 months.

    When new executives / management first start with a company they usually at least see out their probationary period themselves before they are given the keys to hire and fire staff. More usually is for executives/management to have had a solid tenure of at least 6 to 12 months to get some degree of confidence in their competence before that happens. In addition to this, senior appointments are not usually just interviewed or signed off on by one person, it’s normally by the manager and his / her manager the level above. So in this case that being at least Chris Stevens and his manager the CEO Mr Hehir.

    So in summary if the CEO had no involvement in the appointment of ex Snr SalesDirector Mr Jens Paeteu as some proclaim then I would also find that very concerning as to me that would indicate the CEO has been derelict in his duties given the circumstances outlined.

    But I personally think the evidence indicates the CEO would have been involved in his appointment. While we are talking about the CEO’s judgement let’s look at his own strong words on the appointment of Ex VP Sales Chris Stevens………. "Chris brings deep domain experience and sales acumen; I'm certain he is going to have significant impact on our strategic objectives"……You couldn’t write a more confident endorsement of a new hire, yet Stevens achieved little to nothing during his tenure that we know of. If he had of he would have been retained by BRN or should have been. Where’s the accountability from the CEO on the Stevens hire and in with his own words? None, haven’t heard a thing and unfortunately I don’t expect to.

    Bottom line is that both Sales Execs exited in quick succession, both within 12months, at a time when the company was & is supposed to be prioritising the building of sales capability and focusing on commercialisation. Whichever way you look at this it’s poor and it’s got the CEOs fingerprints all over it. But then again maybe not if you’re from the bizzaro world of the TARDis where people like the Messiah preach that the CEO Mr Hehir is a “star” and openly attack & belittle anyone who dares to question his performance to date. It’s also interesting that those people also happen to be part of the ‘select’ group of shareholders, the same ones invited to the private meetings with the CEO and other company execs.

    All my opinion & DYOR


    Last edited by Deadrise: 04/01/24
 
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