Annual Shake up3 Sep 2017 08:57
I hear on the grapevine that there are some changes in the upper echelons at CCC with the COO moving on, this is someone that has for years cleaned up all the mess on behalf of others. Also with the retirement of Mike Rodwell some months back and also the Group head of MS going a great deal of experience will be leaving at a very senior level.
The trouble is they're being replaced with Mike's golf buddies and yes men, the issue is, bar the top table, there are very few people with experience coming through
It was known for some time that 2017 was going to be a very strong year, maybe just maybe this is the peak that the current, clearly the numbers have been helped with currency gains, but the continual removal of experience means that the quality of service will start to be impacted and that has always been CCC's heritage.
Personally as of last week I no longer hold any shares & I have since the day they floated