Literally from the front page of google. Executive vs Non-Executive Chairman.
"The duty of a non-executive Chairman is overseeing the Board and they remain at a distance from the company. On the other hand, an executive Chairman has other jobs and takes a more active role in running the company. They may be a former CEO who wants to help the company move forward."
The appointment of the new chair will be critical, and I'm hoping for an executive chair to be appointed.
Of course the little teaser above makes for interesting possibilities.
But putting that to one side, MT was able to attract an extremely highly talented SAB to PharmAust, I'm assuming on the back of the phase 1 results.
Armed with this trial data , and whatever opportunities presented themselves in the US since then ( & likely partially caused this disruption to normal services ), I'm expecting the board to be able to repeat the performance and attract a stellar chair to lead PharmAust.
A world leading Neuroscientist with business acumen and tremendous drive would fit the bill.
That would settle the nerves of all & sundry !
I await with anticipation ... and don't care if they take longer that the market is comfortable with to get the right person.
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