Watch for the website list of executives to change again soon....today it's the VP of Finance who joins the list of departed execs on the severance payroll. No loss here....he's been with SMTC for exactly 1 year and he is a lifelong severance collector.
Where does that leave us? Still no CFO, and the next most senior finance person in the company is a very junior CA with less than 5 years of work experience. Not the level of experience we need to steer us out of this mess! Or maybe that's how these guys like it, nobody to argue with.
Let's hope the new guys have a plan! It would be nice to have some sort of communication. Anyone else ever heard of a public company that operates without chartered accountants?
Agreed, like I said, no loss on this guy. Bigger issue we should all be concerned about is how the management team does not seem to have ANY EMS professionals on staff. If we are heading for a sale to another player, great, less severance on the balance sheet the better. If they are trying to run an EMS company, time to get some experienced people on board.