Business
AMP enters trading halt amid fresh doubts over CEO’s future – Sydney Morning Herald
AMP has requested a trading halt amid fresh doubts over the future of chief executive Francesco De Ferrari.
The company is smaller. Somebody like that coming from Credit Suisse, his experience and expertise, maybe he would have seen the market cap turning around and thought theres a lot more to do, it will take longer and now theres greater risk in getting to the end goal, he said.
Mr Kolesnikoff added the successive scandals, including the sudden departure of AMP Australia chief executive Alex Wade amid reports of inappropriate behaviour, would have also turned Mr De Ferrari away.
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