I don't think it's worrying at all. CEOs move around as jobs and responsibilities evolve. Often when a company moves up a notch or two in development, management make changes to reflect the higher target alignment. I see this as the next step from a tech based project to growing PEH in the business direction with an international reach
Looking at the announcement properly the following stands out:
"The changes are designed to create better alignment and thus opportunity for cross-selling between the Consulting and Technology arms of the business. We believe this is an effective interim structure pending the establishment of operations in Europe and the USA. ”.
The way I read it the announcement is the precursor to a new momentum in growing international operations. Key word: MONETIZING
EVS Price at posting:
8.9¢ Sentiment: None Disclosure: Held
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