It's a Good Compromise18 Jul 2023 07:53
It's a good compromise and imo in the best thing in the interests of the company, shareholders and the share price with all the last few weeks uncertainty at an end. That's hopefully how I see it.
Extremely happy that Elizabeth Lake has stayed in post has she has done a sterling job in righting the previous Minto chaos. Her presence should ensure continuity from the lake era and with proper financial controls in place. The right choice by all.
But also that we gain the likes of Elizabeth Horsefield onto the Board with her previous experience at THG. It doesn't say if she will be a candidate for the new CEO's role being recruited for when Bob Holt goes. If not we actually gain two strong Beauty side inputs onto the Board. Thats acknowledging Bob's skill set wasn't beauty.
Reference options, Holt and lake still get these and if they were conditional on suspension being lifted, and that having happened then I haven't got a problem with those being honoured.
Opens the door for the next Chapter with a compromised Board with a Beauty focus but also with integrity and strong governance. Both affordability and quality of product in the same breath should ensure the products sell and grow.
Should move up quickly. Any games I'll top up large and moving into the holiday season (for sun and holiday products) and into the much stronger H2.