Enjoying these updates. Evolution investigation is interesting. Why were compliance, internal legal counsel (and potentially their house broker) not recommending a faster announcement? I still think having a new CFO lined up means the change of CFO must have been in the plans for sometime. Bigger picture though, it feels as if Evo needs to invest more in its compliance / regulatory function which will likely be negative for margins.
I agree it appears like a bad coincidence for the outgoing CFO. I would like a proper timeline of events though. Beefing up the compliance department is a must after this, it should not have come under the remit of the CFO in the first place.
Enjoying these updates. Evolution investigation is interesting. Why were compliance, internal legal counsel (and potentially their house broker) not recommending a faster announcement? I still think having a new CFO lined up means the change of CFO must have been in the plans for sometime. Bigger picture though, it feels as if Evo needs to invest more in its compliance / regulatory function which will likely be negative for margins.
I agree it appears like a bad coincidence for the outgoing CFO. I would like a proper timeline of events though. Beefing up the compliance department is a must after this, it should not have come under the remit of the CFO in the first place.