Reducing costs by cutting the fat at the top
Arias is cleaning house.
Paulo Misk, CEO, top 7-figure annual compensation, sub-par performance. No skin in the game. Gone, temporary in-house replacement since Feb 2023.
Ernest Cleave, CFO, 7-figure annual compensation, expensive no-name bean counter. No skin in the game. Recently gone, in-house replacement
Paul Vollant, Commercial Officer, 7-figure annual compensation, expensive no-name salesman, known for providing word salad and misleading information to the stakeholders (e.g. the iron ore fiasco). No skin in the game. Gone 2 days ago, in-house replacement.
The new CEO would be able to come in with a clean house.
Let’s hope for a strong V2O5 recovery soon.
DYODD