Ann: Update on Strategic Review and Appointment of New CEO, page-60

Mr Cummins alone with his reputation makes vocation a worthy buy at current mc imo


Market hails new Vocation chief Cummins

http://www.theaustralian.com.au/bus...on-chief-cummins/story-fn91v9q3-1227280320899



Summary
Chief Financial Officer | CFO | COO | CEO | MD | GM

A senior financial / operational executive who has broad experience managing $1-5 billion ASX listed companies. Has a strong work ethic, a sharp commercial acumen, and a collaborative approach to achieving goals. Gets results.

Key strengths include clear communication skills, an inclusive management style, proven negotiating skills, and creative problem-solving ability.
https://www.linkedin.com/profile/view?id=8565605


Some quotes from Mr Cummins in recent articles

"I wouldn't have taken the job if I didn't think we had a strong future," Mr Cummins said. "From our point of view, it's back to business."

He said the banking syndicate made up of Westpac, NAB and the Commonwealth Bank was content with the changes and Vocation's plans for the future.
"The banks are happy."

The best proof of investor confidence is that we’ve maintained a good dialogue with institutional investors since I joined the company, and there certainly seems to have been some very good reaction (to the announcement yesterday), which is pleasing,” he said.
“I’ve had involvement with class actions in the past, that’s on the public record — it’s a life experience — and we’ll take appropriate steps, whether that is to settle or defend.”