Hi E_K_S,
Doug Nichols thinks she has tremendous energy and he can't keep up.
At the age of all but 74, I ran a dealership for 25 years.
In the beginning it was my life's dream job.
At the end, the fire in my belly was gone. I had worked 10-12 hours a day 6 days a week, and Saturday mornigns I ran long and came in late.
I love what Nichols accomplished. When he suspended the dividend unbtil their debt was paid off, I thought it was a wise and conservative move. He reinstated the dividend as promised upon paying the debt off, as promised.
I'll watch for his shares to remain in his name.
As for Deanna, her resume reads to be exactly what we think AMNF needs to do - GET A NATIONAL FOOTPRINT.
She did that with Frito Lays biggest business- that's surely a national scope product, then went on to lead Pepsi's sales position. She spent 15 years at Pepsi - that a long time to cut your teeth. During that time the CEO of Pepsi was an Indian woman, and that perhaps got er an opportunity and it appears she advanced quickly - some wonder if her gender helped creeps into my mind. Her experience with a national sales lead in Pepsi and all of their snacks IS what AMNF needs.
I've always like Doug Nichols and his stockholder friendly positions. If he had any doubts about her performance. I'd NOT expect him to retire. My impression is he's a straight arrow kind of guy - uless he's bailing - thus watch for his continued ownership position of shares.
I'm giving him the optimistic view that he considers his job done well, and can take life a bit easier.
I wish I knew what really happened with Tim Anderson - maybe got too friendly with an employee - just guessing as that happens at high level positions that are exited. It could also be Doug did not want to hand out RSU's and options candy. I view him as a tough minded guy who doesn't get pushed into what he does not want to do.
More reasons to attend the stockholders meeting on September 24th. I asked Jan, and she says "Tell me the remodal is done by then", and I shut up. LOL
I think they found the right person with the right experience and know how on getting it done.
After 16years at high level positions at Pepsi, she has the contacts to piggyback on Pepsi's logistics - could be what we thought about doing with Johnsonville brats!
If so, it will happen quickly.
It looks good enough to me to be very optimistic. but verify, especially now, as she is still a new hire.
I worked for GM for 16 years and left to go retail. I knew everyone and within 90 days I took a money losing store and turned it profitable. Knowing how to and who can help is all that is needed. I did work my butt off, but that was exactly what I wanted to do.
I didn't assign any extra credit to her fake meat experience. That was internationnal sales (which AMFN also has).
The fake meat has not worked out as McDonalds did not find it to have lasting demand - not surprised.
Maybe that was a learning lesson for her, and she decided it was important to be represented with a real product with tradition and high quality. If so, it is a perfect fit for both.
We'''ll see soon enough.
Your thoughts?
Bob |
