Post by
100mill on Mar 22, 2023 10:15am
Reason for Brett Kidd's departure
John Gillberry stated that speed of integrating ITS units and resulting cost savings reductions did not match board's expectations and so changes needed to be made. John did not specifically say that this was was the reason for Brett Kidd's departure but it was clearly implied.
John highlighted a couple of things in relation to Brett Kidd departure:
1) Quarterhill remains committed to the ITS sector and is a big believer in the sector.
2) Senior management in the Quarterhill divisions remain in place and committed to the Quarterhill vision.
Comment by
100mill on Mar 22, 2023 10:24am
John Gillberry's rationale for Brett's departure made me much more comfortable that the Board is providing the proper oversight. Brett had 15 months to implement the expected ITS integration. The ITS integration was clearly very high on the list of Brett's objectives and so changes were appropriate.