Management changes including the departure of the CEO create an unwelcome distraction for Powerhouse as it increases its exposure to the Protos project SPV. This now effectively makes it a JV partner in the project. The company will start work on replacing both CEO and NEDs immediately.
14 Aug 2022
Powerhouse Energy - Management Changes a Distraction
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Powerhouse Energy - Management Changes a Distraction
Powerhouse Energy Group PLC (PHE:LON) | 1.0 0 (-4.5%) | Mkt Cap: 43.7m
- Published:
14 Aug 2022 -
Author:
Adam Forsyth -
Pages:
3
Management changes including the departure of the CEO create an unwelcome distraction for Powerhouse as it increases its exposure to the Protos project SPV. This now effectively makes it a JV partner in the project. The company will start work on replacing both CEO and NEDs immediately.