Q: Hi 5i, Any concern over:
"After a career spent working on takeovers around the world, former Alimentation Couche-Tard Inc. chief financial officer Claude Tessier is joining investment bank Greenhill & Co. to advise Canadian companies with global ambitions."
Seems market opined today, should we be worried. Thx.
"After a career spent working on takeovers around the world, former Alimentation Couche-Tard Inc. chief financial officer Claude Tessier is joining investment bank Greenhill & Co. to advise Canadian companies with global ambitions."
Seems market opined today, should we be worried. Thx.
5i Research Answer:
ATD is looking for more M&A deals to enhance growth and needs seasoned executives for this. Investors do not like CFO departures but in this case Mr. Tessier announced his retirement nearly a year ago and retired July 1 2023. Filipe Da Silva is the current CFO and has been for nearly a year. Thus we have no concerns here.