News: CSR CSR Says Rob Sindel To Step Down As Co's Managing Director, CEO Within Coming 12 Months, page-9

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14/12/18

11:22

Post #: 36858686
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Originally posted by daicosisgod: ↑

Huninni,
Some CEO’s leave at the top of their game, for example Nicholas Moore at Macquarie Bank, Michael Chaney at Wesfarmers. Sindel is viewed as a very good CEO and that’s why CSR is in great shape and will be debt free after the Viridian disposal.

Let’s hope CSR has a great succession plan.

We are also blessed to have John Gillan as Chairman of the board. He was the driver of the successful Bunnings business and worked under Michael Chaney who is considered a great businessman.

So no need to panic. Let us be curious about the new CEO recruitment process.

As an aside my son works in construction and says CSR is very innovative with its new products and building systems and a very reliable supplier of its range of products.

Cheers....Daicosisgod

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yup this is what I read out of this announcement. The CEO is leaving at the top of his game before a down turn in CSR over the next year or two during the housing downturn. Better for his resume!

CSR Price at posting: $2.72 Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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News: CSR CSR Says Rob Sindel To Step Down As Co's Managing Director, CEO Within Coming 12 Months, page-9

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