Looking past the recent poor decision making and information leakage, the decision to remove the CEO (and a few other Board heads should also roll) provides an opportunity to shape the Board to the current business. It is now a predominantly beauty and health business with a bit of household consumer goods still involved. On this basis, most revenue is generated from decisions made by women. With his in mind (and I can already hear the cries of sexist) we would probably be better served by a Board and senior management of predominantly women rather than men.
In regard to CEOs, perhaps Christine Holgate might be interested after receiving a raw deal from Auspost and our Federal politicians. She would certainly have knowledge about the recent purchase of Blackmore subsidiary Global Therapeutics. Maybe our Board should have spoken to her before they made the purchase?
Anyway, I don't believe the Australia/China impasse will last forever. I am sure Chinese consumers still want access to our products. We probably have a bit further to go before we get to the bottom of all our woes, but it might also be a good buying opportunity.
Cheers, Weswind
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