RE: Management Update1 May 2025 10:18
It's difficult to be sure about this move as there is a lot of reading, (guessing) between the lines involved. However fwiw, I see it as positive. For all his undoubted talents, a number of posters on here, (myself included) have said JM is not CEO material, so for me, this move returns him to his area of expertise and frees him from other tasks he is less equipped to deal with.
Who made this decision is key for me. Was it some "blue whale" investors, unhappy with the constant delays to projects? Maybe the BoD decided amongst themselves, the move would be strategically advantageous and JM was outvoted? Or, perhaps it was JM's own decision, seeing the proximity of these potentially huge projects and realising it would be best for all concerned if he can give 100% focus to ensuring the technical expertise required is "on site" at the crucial time.
Intriguing to see who the next CEO will be....