Mr Woodbury has had an opportunity to demonstrate his strategic thinking and I would argue that a good strategic thinker that is able to implement this thinking into financial and commercial outcomes is more valuable than a CFO (appreciating that a good CFO should also possess some strategic ability). In terms of timing, Mr Woodbury had probably expressed a desire to leave and this is their way of retaining his services. I would also like to think that Martin (as opposed to some of the other Exec team) is a good judge of whether Mr Woodbury brings the necessary strategic skills to the table.
Discl: holder of SKT (some at significantly more than the current SP).
This Blair fellow was a McKinsey guy once so has the skills to work out what Martin wants to do/say and then come up with whatever is needed to support the case.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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