Wattle Health’s (ASX:WHA) board receives a makeover

14Jan

Wattle Health’s (ASX:WHA) board receives a makeover

 

Wattle Health (ASX:WHA) has announced a major board shake up in the wake of a disappointing capital raising.

The Company’s Executive Director, CEO and Co-Founder Mr Lazarus Karasavvidis resigned from the Board of the Company and agreed to step down from his role as CEO.

Meantime, the Company’s ASEAN Sales Director and Co-Founder Mr Martin Glenister has also resigned from the Company.

Wattle Health has appointed Dr Tony McKenna as the Group CEO and MD.

Earlier this month the baby formula specialist had hoped to raise as much as $62 million through a four-for-five rights issue. The company however pocketed less than $12 million from investors.

Shares in Wattle Health Australia (ASX:WHA) last traded at $0.47.

 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

22Jun

Stocks of the Hour: Adairs, Washington H Soul Patts & Vocus Group

22 Jun 2021 - A snapshot of notable stock news for the hour including Adairs, Washington H Soul Patts & Vocus Group

Read More
17Mar

Stocks of the Hour: QX Resources, Volt Resources, Eagle Mountain

17 Mar 2023 - A snapshot of the stocks on the move featuring QX Resources (ASX:QXR), Volt Resources (ASX:VRC) and Eagle Mountain (ASX:EM2).

Read More
19Mar

Stocks of the Hour: Cyclopharm, lonic Rare Earths, Metals Acquisition

19 Mar 2024 - A snapshot of the stocks on the move, featuring Cyclopharm (ASX:CYC), lonic Rare Earths (ASX:IXR) and Metals Acquisition (ASX:MAC).

Read More
14Dec

Transurban’s (ASX:TCL) WestConnex raises $4.2b

14 Dec 2020 - Toll road operator Transurban (ASX:TCL) has raised $4.2 billion in debt as it refinances $4 billion of existing loan facilities.

Read More
06Sep

Stocks of the Hour: Coal & lithium stocks, ABX Group

06 Sep 2022 - A snapshot of the stocks on the move featuring coal and lithium stocks and ABX Group (ASX:ABX).

Read More
26Jun

Spirit Telcom (ASX:ST1) to acquire VPD Group

26 Jun 2020 - Spirit Telcom (ASX:ST1) has agreed to acquire VPD Group for around $14 million.

Read More
25Nov

Kathmandu Holdings Limited (ASX:KMD) Rip Curl drives Q1 earnings

dd Mmm 2020 - Kathmandu Holdings Limited (ASX:KMD) today report group total sales for the first quarter ending 31 October 2020 were up 72 per cent above last year, benefiting from the transformational acquisition of Rip Curl.

Read More
29Feb

Stocks of the Hour: Ardea Resources, Thor Energy, Helix Resources

29 Feb 2024 - A snapshot of the stocks on the move, featuring Ardea Resources (ASX:ARL), Thor Energy (ASX:THR) and Helix Resources (ASX:HLX).

Read More
27Mar

Incitec Pivot (ASX:IPL) to put development of Queensland Gas tenement

27 Mar 2020 - Incitec Pivot (ASX:IPL) today announced that the 50/50 joint venture project concerning the coal seam gas acreage (ATP 2031) in Queensland’s Surat Basin has been temporarily paused at the request of its partner Central Petroleum (ASX:CTP).

Read More
10Mar

Afterpay’s (ASX:APT) subsidiary Clearpay buys Pagantis in Europe

10 Mar 2021 - Afterpay’s (ASX:APT) subsidiary, Clearpay Europe, has completed its acquisition of Pagantis SAU and PMT Technology SLU, collectively known as Pagantis.

Read More