One of the key outcome of Strategic review may have been reduction of corporate management cost. Per 2022 accounts, GM total package was $1.2M including bonus / performance rights. Excluding bonus/PR, his base is around 700k. Maybe he quit since the Board asked him to reduce his overall package. Note his interim replacement Mike Stone base is around 300K. Andrew Hall as non-executive director was on 15k so this was more about having female representative on board. The Lithium market is turning and I personally do not believe its the right time for GM to resign. Unless he is fixated at his own package etc. I just hope we get a suitable candidate who can turn this thing around. Long hold for me...
Ann: CEO Transition, page-46
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