In my opinion the Lifx CEO should have taken over, like what would happen in a RTO. I do not see the reason for a Group CEO, it seems to be unnecessary bureaucracy and a waste of shareholder funds, when they should be conserving cash. Hopefully the BOD see the light at some stage and they get rid of the Group CEO position.
BUD Price at posting:
6.1¢ Sentiment: None Disclosure: Held