Have to agree. The WOW/McKinsey former exec appointment to RHC CEO was a demonstration that the Board and D Thodey see their stint with RHC as adjacent to their other engagements. To take someone with no Lifesciences/Healthcare from WOW must surely be an attempt to save a drowning mate and the CEO has all of the debris and collateral damage from WOW's and Banduci's appalling tenure. Board need to do a freeze and regroup.
Refresh the strategy that has Paul Ramsay's values as its foundation
Appoint a competent and seasoned CEO
Get the new CEO and team to evaluate the portfolio on a 3 to 5 to 10 year earnings basis
Refresh the risk matrix
Publish business critical KPI's - Beds/Turnover etc
Its a board that is asleep at the wheel and the CEO appointment must have held the selection committee at a cocktail party hosted by McKinsey?
RHC Price at posting:
$38.42 Sentiment: Sell Disclosure: Held
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