News and Announcements
YPB Announces Operation Leadership Change
- Published July 04, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Brand Protection and Customer Connection solutions company YPB Group Ltd (ASX: YPB) announced the resignation of CEO Jens Michel effective immediately, with founder and major shareholder John Houston to resume operational leadership.
KEY TAKEAWAYS:
- YPB’s CEO Jens Michel resigns effective immediately
- Founder and major shareholder John Houston to resumeoperationalleadership
Founder and major shareholder John Houston will resumeoperational 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.”
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