Rotman was the MD of Omniblend for almost 10 years and oversaw this business grow from almost start up to $30m in revenue. MD = CEO.
Thompson has a bachelors degree in accounting and is a Chartered Accountant. If you knew anything about what is required to gain these you would understand he doesn’t need to have worked in an identical business previous to offer considerable value. Acquisition experience is excellent - not many CAs have this knowledge. Liquidation experience is actually very helpful from a cost management perspective and I think the large cost out program last year is proof of this, contributing to the swing in the FY results from a $2m EBITDA (normalised) loss into a ~$2m EBITDA profit (normalised) position for FY22.
As I posted previously, close to $30m of the current $80m+ revenues have been ORGANICALLY grown by Management.
(20min delay)