Gold FFM johnpwalsh Posted June 5, 2018 Gold FFM Report Share Posted June 5, 2018 18 hours ago, Kimbers said: Guys, its a reasonable decision by Geely. Many of you bemoaning JMG leaving but it is for the best. Can you remember why JMG was taken on? If you do you know it was to "steady the ship" in terms of finances, at a time when Dany Blowhard had destroyed any credability Lotus had in terms of Finances. The Company was in a terrible state and only weeks away from Bankruptcy. So what do you do in these times? You hire a money man. An accountant. who's sole job is to get finances under control. But what can a "Finance biased" Head of a company not do as well as others? Passion, people, develop new ideas etc etc. Personally I thank JMG for his steady hand on the tiller but now Lotus needs an innovatve head who can push forward with new Products, investment (rather than cost cutting), development, engineering etc. I think this is long overdue and praise geely for knowing they need an innovator at the helm. Well done. Agree with what you say Kimbers. it's a bit like the oil industry when it hits doldrum's. Get beans counters in, crunch the numbers, turn the business around , get a partner company involved then appoint new management once financial stability has been proven. Investors and banks probably had already asked for that at some point. Now a new team in place starting at the top with a bit of stability to work from. JMG did a great job of what was required of him. Now lets look forward to new models, marketing and a positive outlook. Quote Link to comment Share on other sites More sharing options...
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