The fallout from the Strategy Review begins with Mark Haysman...

The fallout from the Strategy Review begins with Mark Haysman the first casualty. I am not surprised at this announcement and predicted this at the time the strategy review was announced.
MCL's flawed growth strategy was Haysman's baby. The company released unachievable FY25 growth targets at every quarterly update that proved to be unsustainable in the face of rising interest rates and a cost of living crisis. All the while the company's debt burden increased, to the point where PAM now calls the shots, as evidenced by the recent capital raising/placement (the 4th in 3 years) and restructured debt covenants.
The business holds quality assets and has some good people running the businesses who remain significant shareholders. I know nothing of the interim MD but she seems to have industry experience. Lets hope we soon see a revised strategy that sees the business divest themselves of some of the larger assets, repay debt, downsize and refocus on gaining market share.