EML -24.61%: a difficult day for the pre-paid card company after their CEO resigned. There was little explanation given for Tom Cregan’s abrupt departure other than the decision being made by mutual agreement. The role has been filled with EML board member Emma Shand taking on the MD & CEO role. Shand comes highly regarded and will hit the ground running given she has spent the last 10 months as a director. Despite that, the shuffle is a concerning development for EML just a few weeks out from their FY22 results.
MM is reviewing the position in EML
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