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Alliance One International, Inc. Message Board

  • waterbuffalo1234 waterbuffalo1234 Jan 15, 2014 12:57 PM Flag

    New CFO Needs to Support Driving Profitability, Only Keeping the Books is Not Enough!

    At the time of the Merger the share price was $6.35 and now is $2.73, a DECREASE in share price of 57%. So over almost the last nine years they have not created any shareholder value, but only have destroyed it. They have paid no dividends since September 7, 2005.

    The company has made some good moves in restoring tobacco operating talent in the CEO seat as well as other key management positions.

    Now with the recent moves in Finance by appointing Mr. Thomas as CFO and his experience as an investment banker it will hopefully now be a businessperson in the CFO seat and make the CFO position more impactful in running the business, not only just keeping the books. Operations cannot do it by themselves, it does need to become a partnership between operations and finance.

    It is unusual for both the CFO and Corporate controller position personnel to be replaced at the same time, but hopefully this is a clear signal to everyone by Mr. Thomas that business as usual is over. I hear that people at the operating units are pushed to make difficult decisions, not sure if re-allocating the Vice President -Corporate Controller to a newly created position of Director of Supply Chain is walking the walk.

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AOI
1.97+0.02(+1.03%)Sep 18 4:03 PMEDT

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