By Steve Moore | Monday 18 April 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having earlier this month stated on Steve Rawlings “does not believe that he has the necessary skill set to be able to provide a meaningful contribution to the board or the group going forward”, Ric Piper “workload… gives rise to the board’s concern as to whether he would be able to devote sufficient time to the company” and Robert Legget “the relative lack of recent listed company board experience”, Lakehouse (LAKE) has now announced “Steve Rawlings, Ric Piper and Robert Legget will join the board as new non-executive directors… it is the intention of the new board to appoint Ric Piper as Chairman and Robert Legget as the Senior Independent Director”. Quite the climbdown! …
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