Ann: Mr Tim Lehany to cease as MD and CEO effective 30 June 2014, page-10

Couldn't agree more E.
Content to see those responsible be held accountable to the full. Afraid this management change does not go higher enough & hope future payouts to be arranged need to be measured & disclosed given the misguided & persistent direction of corporate strategy so far at expense of shareholder interests. Although this is greatly welcomed , the real issue that SBM management need to address quick smart is the strategy direction of their pacific operations given current cash balance , debt levels , volatile & unpredictable markets , shareholder distrust of management & SP decline.
I hope they begin to focus on profitable / cashflow positive activities only from here and reduce / cut exploration & development spend. No point maintaining a sector of the companies workforce , when down the track , the majority of the workforce will be at risk as working capital dries up. Heres to change and the possibilities that it could bring. Just hope it is not too late & top management are decisive in this regard.
cheers