Energy One Limited

ASX:EOL

Energy One Limited

ASX:EOL
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$17.84 (+2.5%)
Last close price
#6
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31
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Forum Topics EOL EOL Management

Pinned straw:
Slomo
Added 5 months ago

Expect a rushed ASX announcement from EOL this morning.

Looks like the CEO may be leaving the role if the below is close to accurate.

https://www.capitalbrief.com/article/energy-one-ceo-expected-to-step-down-and-transition-to-board-022e695a-9504-469c-b0ee-2668c170986c/preview/

This might help explain the recent drop after a huge run up.

If this is how it plays out it sounds like an orderly transition with CEO moving to a board role (NED?) and sticking around for another 6+ months to transition.

Shame it was leaked, never a good sign (hopefully just a disgruntled, unsuccessful candidate?).

Disc: Held
Solvetheriddle
Added 5 months ago

@Slomo, the long lead time for CEO transition should allay some fears, but ties into the sales process that went on previously, in my opinion--the CEO wanting to exit. running a global biz is not easy. What I am interested in is whether the new CEO keeps the bullish LT outlook. its easy for a retiring guy to speak about stuff he will not have to answer for. we shall see


disc held

20
thunderhead
Added 5 months ago

It is a loss for the company, but the handling of the transition is about as good as you can expect.

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