RE:RE:Only Half The StoryFun Facts:
Assistant General Counsel and Assistant Corporate Secretary from June 2007.
Senior Vice President, General Counsel and Corporate Secretary from July 2009
Senior Vice President, Finance and Chief Financial Officer of the Corporation from March 2011
President and Chief Executive Officer of the Corporation effective January 1, 2012
DAVID PATHE: We spend a lot of time to have one person who’s designated as the guy who is going to run [the project management process] and it tends to fall on the legal group to be making sure that the right people in the business unit, wherever they happen to be located, are getting input at the right times and co-ordinating and pulling things together. It’s very important that there is one coherent understanding © 2010 Canadian Lawyer Magazine Inc. Reprinted with permission INHOUSE AUGUST 2010 • 17 in the company of where we are in the process of whatever it is we’re trying to achieve.
Sherritt Stock Price
May 31/07- $17.60 Assistant General Counsel and Assistant Corporate Secretary
Dec. 30/11- $5.46 President and CEO / Board Member
May 19/21- .53 Stepped Down
“David’s performance as Chief Executive was critical to Sherritt during a difficult and extremely volatile period for the nickel market, which provided no space for financial comfort," said Sir Richard. “His tireless work over many years addressing financial recovery from the consequences of the Ambatovy investment produced the remarkable balance sheet restructuring completed last year.
How many people took a bath to get this company to where it is today, and it is far from over. How many millions came out of the company in salary and benefits?
Block 10 = loss of Aprox. $100,000,000.00
Time will tell!
I agree the former president /CEO did him no favors, however he knew what he was getting into.
I wish the Incoming CEO all the success possible.