I would be much happier with MT on a consultant basis and on an...

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newbie thomas

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02/02/19

16:26

Post #: 37310035
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Originally posted by Rickaroonie ↑

Originally posted by newbie thomas
I am not sure this is really any major change, still employed I would have expected him to remain on as a consultant on an as needed basis.

Cheers

Newbie Thomas

Austpac wishes to advise that Mr Mike Turbott, the founding Managing Director, has
resigned as a Director of the Company.

He will continue working for Austpac to advance the many national and international
projects that the company is pursuing, and he will provide ongoing assistance on
administrative matters as required.

The Board will thus retain the benefits of Mr Turbott’s thirty-four years’ experience with
Austpac.
I too am somewhat disappointing with the fact that MT is still employed, be that as it may, lets hope the remuneration is more in line with his performance.
I think the main positive is we will now have someone else calling the shots and hopefully steer us in the direction we need to go. MT had us going in so many directions and getting us nowhere, as can be seen by the share price.
Another positive that may come about from this leadership change, even if Colin becomes managing director, our replacement/s to fill the board, picked by the top shareholders (guessing here) who forced Mike's hand, will be our inside guys, sort of like our choice, more transparency (?), not being kept in the dark?
This is only how i see things but with MT's resignation from the helm, I feel it can only get better from here. Much better. This is absolutely the best thing that has happened to APG in a long time. My opinion only

Rickaroonie

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I would be much happier with MT on a consultant basis and on an as needed basis.

I have seen it before when somebody is demoted but remains in a position of influence that they can become a toxic presence either intentionally or unintentionally undermining their replacement so as to prove in their own mind that the demotion wasn't the correct thing to do.

Looking in from the outside this is obviously not helping the demoted persons situation but more often than not this is the result of a demotion.

Cheers

Newbie Thomas

Last edited by newbie thomas: 02/02/19

APG Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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I would be much happier with MT on a consultant basis and on an...

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