Ann: Appointment of new Chief Executive Officer, page-9

Pity about having to make a final payout to him...Pretty ridiculous to reward a low performer who has successfully half the value of the business. You have to attribute a large part of the blame on the Hills board....they should have done a proper due diligence. His track record at Telstra is at best, ordinary. Acquisition of Sausage Software was clearly a disaster for Telstra.
Steer clear of companies that employ senior executives from very large companies installed into smaller businesses. They lack the discipline & cost consciousness required. Big vision chews up valuable & limited funds and the lack of `hands on' approach spells disasters.

Good luck to Grant Logan from all long suffering shareholders.