8k today: jody r. steps down as ceo of pctl ltd...
Post# of 1425
(Total Views: 268)
Posted On: 10/25/2019 5:59:41 PM
8k today: jody r. steps down as ceo of pctl ltd... will be operations mgr. of their subsidiary... this post(from ihub) is a good explanation of things:
Dclutch72 Member Level Friday, 10/25/19 05:40:28 PM
Re: None 0
Post # of 34879
Just to break this down for all:
Jody was CEO of PCT Ltd and its subsidiary PCT Corp. PCT Corp is: PCT Health, PCT Agriculture, and PCT Oil & Gas.
On October 4, 2019, F. Jody Read stepped down from his position as Chief Executive Officer of the Registrant (PCT LTD) due to increased workload in the Registrant’s wholly-owned operating subsidiary (PCT Corp).
Mr. Read remains as a director and Chief Operating Officer of the Registrant (PCT Corp).
If we're to take this statement at face value, Jody became too busy working with PCT Corp (PCT Health, PCT Agriculture, and PCT Oil & Gas) to serve as CEO of both entities.
Though he is still director and COO of PCT Ltd
If we take this at face value, this is not a bad thing. This puts Gary back as the head honcho while Jody can concentrate on the day to day growth and operations of the company- which is something he's probably better suited to, given his experience and history.
Hard to guess how the market reacts to this come Monday, but I don't think this is necessarily a bad thing.
tb back again here: i think sales are going to ramp up and jody wanted to make sure he has "hands on" with the expansion....
Dclutch72 Member Level Friday, 10/25/19 05:40:28 PM
Re: None 0
Post # of 34879
Just to break this down for all:
Jody was CEO of PCT Ltd and its subsidiary PCT Corp. PCT Corp is: PCT Health, PCT Agriculture, and PCT Oil & Gas.
On October 4, 2019, F. Jody Read stepped down from his position as Chief Executive Officer of the Registrant (PCT LTD) due to increased workload in the Registrant’s wholly-owned operating subsidiary (PCT Corp).
Mr. Read remains as a director and Chief Operating Officer of the Registrant (PCT Corp).
If we're to take this statement at face value, Jody became too busy working with PCT Corp (PCT Health, PCT Agriculture, and PCT Oil & Gas) to serve as CEO of both entities.
Though he is still director and COO of PCT Ltd
If we take this at face value, this is not a bad thing. This puts Gary back as the head honcho while Jody can concentrate on the day to day growth and operations of the company- which is something he's probably better suited to, given his experience and history.
Hard to guess how the market reacts to this come Monday, but I don't think this is necessarily a bad thing.
tb back again here: i think sales are going to ramp up and jody wanted to make sure he has "hands on" with the expansion....
(1)
(0)