TYR -16.67%: the CEO & MD has submitted his resignation today, triggering a 6-month notice period for the payment terminals business. Rob Cooke has taken the top job at Star Entertainment (SGR) pending regulatory approval – Star almost needs regulatory approval to take a $5 bet at the blackjack table these days. It’s disappointing to see the CEO leave 5 years into the job after taking Tyro listed in 2019, exiting at a tough time for the payments company after years of tech issues and stumbling sales, not helped by COVID lockdowns. The search is underway for a new CEO to get performance back on track.
MM is now neutral/negative TYR
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