How would you feel being on an airline who forgets to put the landing gear down (THE WHEELS):eek2: :D.
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first time I see this
Time
First TradedTime
Last TradedPrice Volume Change Value Number
of Trades4:10:54 pm 4:14:47 pm 1466 4,627,141 1 $67,833,887 89 3:59:32 pm 3:59:51 pm 1465 1,499 1 $21,960 8
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Jayne Hrdlicka and the a2 formula that didn’t quite work
Insiders say the former CEO was going at a million miles an hour from day one and ‘ruffled a few feathers’ along the way.When Hrdlicka arrived at a2 Milk in July 2018 as a ''change agent'', she moved quickly to put her stamp on the business.
She installed her former employer – management consultancy Bain & Co –as a key adviser within a month of her arrival, replacing Chris Titler, who owned a small consultancy and had advised Babidge and Hearn for much of the previous decade.
Hearn says she "ruffled a few feathers" along the way, which is expected as a new CEO takes the reins and implements change. Investors and analysts were not impressed with the $NZ20 million-odd ($18.9 million) in consulting fees spent during 2019, nor did they like the profit margin outlook at the full-year results in August. The stock fell 13 per cent on the day, hitting a six-week low despite a2 meeting its 2019 full-year guidance.
The sale of about 357,000 shares valued at nearly $4 million within a few months of taking the job had also caused angst. At the time of that sale, Bell Potter analyst Jonathan Snape criticised the action, as Hrdlicka sold down her entire shareholding in the company, excluding options. She was not the only one selling, however; in total, 16 directors and executives sold about 3 million shares.
https://www.afr.com/companies/manufa...d%20investors.
At the end of the day she was a wrong fit for the role with divided attention.
Gaynor suggests her exit fee could be $20m
Thats quite a lot eh ..... but they did tell her to leave
There should be no had out, she is leaving because she was unable to do the job she was paid to do.
I am sure she would have read the job description with a full understanding of what the duties entailed.
https://www.nzherald.co.nz/business/...ectid=12293704
Apparently they $20m mentioned in this article