Pacific Smiles CEO resigns
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The news: Pacific Smiles Group managing director and chief executive Andrew Vidler has resigned after eight months in the role.
The context: Vidler has a six-month notice period and has not yet agreed on a final departure date with the board.
Last month, shares in the company tumbled after shareholders defied the board by voting down a proposed takeover by NDC Bidco.
Vidler’s resignation comes just a week after Pacific Smiles’ chief financial officer Matthew Cordingley also resigned.
What they said: The board said Vidler joined “at a time of significant ambiguity and stepping up to lead the company through the receipt of multiple change of control proposals and the scheme process”.
Pacific Smiles chair Giselle Collins said: “Mr Vidler has had a strong focus on bringing the team together and keeping them delivering best practice services to our patients and dentists”.
“We recognise the challenge he faced managing the business alongside the transaction workload whilst delivering strong financial results. We wish him every success in his new endeavour,” she said.
The source: ASX announcement
