Announced recently – Chairman, Peter Byrom of Molins PLC is leaving.
Mr. Byrom has overseen quite a tumultuous time at Molins. A renaissance a few years ago culminated in the acquisition of Sasib which was only recently given away (sold.) The cost has been quite staggering but so was the lost opportunity.
Acquiring a packaging company (like Sasib) to complement the existing Molins tobacco business made sense assuming the product lines could offer a total customer solution.
It seems Mr. Byrom was not up to the task. We wish Dick Hunter better luck.
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