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Eddie Jackson didn't have anything to do with running XPE.

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17/12/17

09:12

Post #: 29685656
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Originally posted by Archie707 ↑

Do people still believe that there is some level of seriousness in seeking a new CEO? Certainly very little urgency.

Lekkas effectively provides a notice period of 6 months but pretty much is checking out his accommodation in St Kitts and other tax havens with FGF.

Marty Despain would have been the natural choice given that he was the Managing Director, whatever that means, but he resigned and is already heading up his own company. You have to ask yourselves why did he go?

Then you’ve got Peter Hunt. Let’s just call that appointment what it is…. A Lekkas mate who will provide some window dressing but is really just a proxy.

Eddie Jackson would also be a logical choice as a candidate. Face facts…when it comes to the current management in Xped, he would have the most experience out of anyone there. Why isn’t he offered the same salary as the current caretaker CEO and could get things moving pretty quickly as he’s already there? First thing he would do is probably cut his salary by 50% or more to bring it inline with what a CEO of that company should be on.

Why wouldn’t an internal person, not take the role? Very interesting answer to that I’m sure.

There’s a real problem bringing in a new CEO, someone independent without the ties and able to steer the ship. If he/she has any ASX experience then pretty quickly they would realise that something was not right and should raise the flag. Don’t think that would be something that the caretaker CEO would really like. The poison chalice for any new CEO would be that if they do not raise the flag then they become complicit.

Why would anyone want that job?

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Eddie Jackson didn't have anything to do with running XPE.

XPE Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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