RE: Jose Garat CEO12 Oct 2023 13:46
The thing I really did dislike from the Group Chief Executive in today's RNS can be summed up in that one (gutless)sentence: "New leadership makes immediate impact".
It then goes on to talk about how the new appointees in various geographical regions are the answer to previous shortfalls, almost suggesting what a marvelous and decisive decision-maker the man at the top has been to appoint them. It goes on to say, "We have performed a rapid assessment of that division and have identified clear areas for improvement including: (i) better commercial scrutiny and ambition; (ii) tighter cost control and ownership of cost reduction initiatives; and (iii) improved allocation of capital and resources."
An obvious question off the back of that? Who the hell was managing the previous incumbents - or should have been - when they were creating the mess that is only now being attended to - through neccessity? At least have the guts to hold your hands up rather than just throwing them under the.....bus.