Ann: CEO Resignation and Transition Arrangements, page-27

if the CEO and CFO both resigned then we have a problem.

This is rarely the case though so with both gone now assume they were axed - the resignation is simply the easiest admin process.

I can't imagine either are involved in day to day sales/customer support so business as usual for elite business. The board have most likely decided that PLAYR was not executed well by senior management and will rejig this business. 

The board could move forward quickly with the following IMO and deliver by end of H2.

- quickly move to appoint Shaun as CEO if that is the intention. No point pretending to do a thorough search only to tell us he is the best man for the job in 2 months time.
- Appoint credible CFO - no need to rush but need to see a solid appointment here in reasonable time
- announce restructure of PLAYR - cut costs and focus on volume through global distribution deals. Stop trying to be a niche retailer
- bring forward cashflow positive target a year forward to end 2020 fin year. Engineer the business around achieving this goal.

Do all this by end of H2 and start 19/20 fin year on back of solid results and restructured management team.