I reckon Mark Hooper was CEO elect at PPX as he had a broad CV with CEO responsibility for a business turning over $3.5 Bn before PPX.
He did a fantastic job refinancing PPX in 2008/09 and got a bonus of $600K over his salary for the job. Unsubstantiated gos is that he wanted to slash mainland Europe in 2008/09 and was over ridden by Toby Marchant. Perfectly believable, since he was promptly recruited back to Sigma. Toby can sell anything except paper at a profit.
The RPF story reminds me of what John Wren did during the depression.
The PXUPA holders are not dead, just dormant.
Cheers
SRS Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held