ann....ceo retires, page-25

re: new director appointed Note that this is all happening one week before the half year is released...

The timing is very interesting - one might expect an outline of the reason for the change will be announced with the half year... but the actual results themselves will throw light on the change itself - whether its a change moving from a position of strength, or of weakness.

But it's a big change - the two founding members sending their baby out into the world.