It takes balls to make a call like this... Richard is taking over the reins and his vision is laser-like ... SPS.. production line ... scaleable... high margins... profit.
Keep it simple. Hit the low hanging fruit before you try reaching for anything else.
Having a Chairman and CEO with different visions is extremely hard... usually having the roles separated brings valuable checks and balances, but only if both have the same vision for the business. You want mutual beneficial discussions, not disagreements on the strategy.
Obviously Henry and Richard didn’t quite agree on where the business should be focusing on, so one of them had to go.
Im all for cutting running costs in unprofitable regions... don’t let those bleed out and endanger the core business.
Ann: Fluence Strategic Repositioning, Change in CEO, page-66
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