GAP gale pacific limited

1.08%

9.4¢

Ann: Appointment of new Chief Executive Officer, page-3

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plough

35,649 Posts.

2310

14/08/24

12:44

Post #: 75201609
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Originally posted by mutineer ↑

It's a long road back to redemption for this crowd.
I don't pretend to know how it got to this, but clearly the (former) CEO has become the scapegoat.
In cases like this, the rot is usually more widespread and it concerns me that the replacement ("saviour") CEO is an internal appointment, presumably all cosied up with the established board. The place needs a more substantial shake up, and that needs to start with board refreshment, strategic review of existing operations, THEN a CEO to fit the direction.
Do it now, do it swiftly and show direction.

I'd like to be called a pessimist, but I think this stinks like lack of board leadership.

mutineer

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Yes I was thinking exactly the same they should have brought an outsider in as CEO .
Used 500 meters of Gale weed mat 18 years ago , what a disaster it shrunk around my plants breaking the stems off , as was not woven tight enough , (they replaced it , but not my plants ) their product quality control looks to still be second rate , no wonder profit margins are effectively zero , as they can not price as a premium product .

GAP Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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Ann: Appointment of new Chief Executive Officer, page-3

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Ann: Appointment of new Chief Executive Officer, page-3

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