Pros
Middle management has tremendous institutional knowledge. Brand has a long reputation of best in the market
Cons
Multiple red flags here with recently installed senior management. New CFO is extremely inexperienced in his position. He’s essentially a glorified line item accountant, so strategically, is lacking experience and ability. The new CEO has the ability but not the gumption to strategically grow the business. He needs to make the difficult operational choices to lead the company to the next level. My conclusion was to depart a company I enjoyed immensely, not because middle management wasn’t competent, rather, incoming senior management and operations lacked the experience and international aptitude to run a publicly traded company in multiple markets and industries. As someone deeply involved, I left because I wanted to be in a growth focused company.