On the one hand, Hopkins' abrupt exit from the Board appears to be unanticipated.
On the other hand, there’s a measured quarterly pattern that can be seen with respect to changes in the Board and leadership.
8/10/15 Directors appoint Bruce McHarrie to replace Doug Wilson as Chairman
18/1/16 Stephanie Unwin (with a background in “organisational transformation”) appointed as NED
11/4/16 Bruce McHarrie resigns as Chairman and is replaced by Stephanie Unwin
18/7/16 Richard Hopkins resigns as Director, effective immediately
10/16 Richard Hopkins steps down as CEO.
I note that Hopkins has resigned exactly 6 months to the day of Unwin's appointment to the Board.
PYC Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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