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Lots of media coverage in USA of the power infrastructure not coping in their harsh winter. Particularly in Texas. IKE to the rescue I hope.
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ADMIN: IKE: ikeGPS - Non executive director intends to stand down
IKE
17/03/2021 08:31
ADMIN
NOT PRICE SENSITIVE
REL: 0831 HRS ikeGPS Group Limited
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
Bill Morrow to leave the IKE Board
ikeGPS (IKE) today announced that non-executive director Bill Morrow intends
to stand down from the IKE Board on or before 30 April 2021. Bill has
recently accepted a senior executive position at AT&T Inc., the world's
largest communications company, as CEO of DirecTV, the business that in 2020
had US$28 billion in revenues, 17 million customers, and 13,000 employees.
Commenting, IKE Chairman Rick Christie, said "On behalf of the Board I would
like to greatly thank Bill for his valuable contributions over the past two
and a half years as the IKE business has gone from strength to strength in
the U.S. market. We wish him well in his new and considerable role, and on
his move to Los Angeles'.
Bill Morrow, said, "It is bitter-sweet that in taking on this new executive
position that I am required to step away from IKE in a non-executive
capacity. I believe strongly in the long-term growth potential of the
business and look forward to remaining in contact with the team in an
informal advisory capacity".
ENDS
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 Originally Posted by Pegasus2000
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
IKE
17/03/2021 08:31
ADMIN
NOT PRICE SENSITIVE
REL: 0831 HRS ikeGPS Group Limited
ADMIN: IKE: ikeGPS - Non executive director intends to stand down
Bill Morrow to leave the IKE Board
ikeGPS (IKE) today announced that non-executive director Bill Morrow intends
to stand down from the IKE Board on or before 30 April 2021. Bill has
recently accepted a senior executive position at AT&T Inc., the world's
largest communications company, as CEO of DirecTV, the business that in 2020
had US$28 billion in revenues, 17 million customers, and 13,000 employees.
Commenting, IKE Chairman Rick Christie, said "On behalf of the Board I would
like to greatly thank Bill for his valuable contributions over the past two
and a half years as the IKE business has gone from strength to strength in
the U.S. market. We wish him well in his new and considerable role, and on
his move to Los Angeles'.
Bill Morrow, said, "It is bitter-sweet that in taking on this new executive
position that I am required to step away from IKE in a non-executive
capacity. I believe strongly in the long-term growth potential of the
business and look forward to remaining in contact with the team in an
informal advisory capacity".
ENDS
IKE has been able to attract top people to the board.Bill Morrow was one.
The Chairman Rick Christie was long time CEO of Rangatira [listed usx.co.nz] and very successful Chairman at Ebos.
Mark Ratcliff was ceo of Chorus.
Top people,top company.
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Originally Posted by percy
IKE has been able to attract top people to the board.Bill Morrow was one.
The Chairman Rick Christie was long time CEO of Rangatira
[listed usx.co.nz] and very successful Chairman at Ebos.
Mark Ratcliff was ceo of Chorus.
Top people,top company.
I read this announcement as good for long term for Ike with regards to future collaboration and partnership. Surely IKE would be a candidate for someone like AT & T to acquire? Your thoughts percy?
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Originally Posted by jimdog31
I read this announcement as good for long term for Ike with regards to future collaboration and partnership. Surely IKE would be a candidate for someone like AT & T to acquire? Your thoughts percy?
IKE had to bulk up their balance sheet.The issue was well supported.I think their big US companies had concerns about dealing with a small company,perhaps being seen as under financed..I am just guessing this.
The huge US companies are making a big commitment to IKE, by aligning their systems to IKE's.So if IKE went bust it would cost the major telegraph and electric companies a great deal to replace IKE's systems.
This could mean IKE is attractive to AT&T and others in the sector. They could also be of great interest to a private equity fund, owning a company with such a strong major blue chip client base.
Last edited by percy; 25-03-2021 at 05:55 PM.
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Member
The website has a quite slow response - double post - deleted
Last edited by Pegasus2000; 17-03-2021 at 11:35 AM.
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Hopefully, we will see a bit more momentum now. It has been pretty slow and steady for a while - mostly slow.
But still holding a sizeable stake waiting for global domination.
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