CEO Resignation and Operational Leadership Change
Sydney, July 4, 2017 AEST (ABN Newswire) - Brand Protection and Customer Connection solutions company YPB Group Ltd (
ASX:YPB) wishes to announce the resignation of CEO Jens Michel effective immediately. The Board extends its thanks to Jens for his dedication during his 16 months as CEO.
- YPB's CEO Jens Michel resigns effective immediately
- Founder and major shareholder John Houston to resume operational leadership
Founder and major shareholder John Houston will resume operational leadership. All attention and effort will be funnelled into converting the A$122m new business pipeline to revenue and completion of the 40% overhead reduction plan in order to drive the company into profitability as quickly as possible.
YPB Executive Chairman John Houston said: "I would like to personally thank Jens for his service over the past 21 months and wish him the very best in his future career. For the remainder of 2017, I am determined to focus the Company and all its resources on closing revenue opportunities in our well-developed pipeline and delivering the Company into profitability."
About YPB Group Ltd
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