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Titon – from CEO “has settled in very well” to CEO resignation in 2 months!

Ventilation systems and window and door hardware company Titon Holdings (TON) announced in September that non-executives Bernd Ratzke and Kevin Sargeant had given notice of their intention to step down, noting that it “is going through a transitional period following the appointment of Mat Norris as CEO. Matt has settled in very well and will lead the group in the next stage of its development to drive growth in all of our businesses”. Today... “Chief Executive Officer resignation”!

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Titon – profit warning, really down to “continued to face political and economic uncertainties”?

Having previously updated in December including “we continue to face political and economic uncertainties which have contributed to a challenging first two months of the fiscal year”, though with “our business model is robust”, now an “AGM Statement” from ventilation systems and window and door hardware company Titon Holdings (TON) – and the shares currently at 87.5p, more than 20% lower…

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