re: Ann: Progen Appoints New Chief Executive ...
Greetings PGL-ers:
I'm not a holder, perhaps a discarded would be-adoptee (ie, a long term Avexa holder).
I also hold a few Benitec-BLT, the company from which PGL has poached the new CEO, Sue MacLeman.
BLT in their announcement emphasize that Ms MacL leaves on good terms and remains in a strategic advisor role, so taking that at face value suggests that she chose to switch (and wasn't pushed).
I'm not generally a watcher of corporate personalities, but I think this is a very good development for PGL. During the muddle of the aborted Avexa merger last year, I had a look over PGL's history and I was left very confused and bewildered about PGL strategic decision making.
Having taken a passing interest in PGL since then has done nothing to dispel that confusion.
As an aside, I was in no such doubt about Avexa's leadership - I thought the merger proposal made perfect sense from Avexa's point of view, seeing as their survival was at stake in the midst of GFC, Credit-Crunch world mayhem.
So now there's a new hand on the wheel at PGL. Market initial response was positive. No doubt much scepticism will linger, but on the first signs that the new CEO has settled in, I would expect PGL's SP to show quite a bit of life.
Watching with renewed interest.
PGL Price at posting:
47.0¢ Sentiment: Hold Disclosure: Not Held
