D- for Redbubble board after shares plummet 92pc


Source: afr.com afr.com

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Now, some investors feel it is time to shake up the board, which has been chaired by professional director and former commercial lawyer Anne Ward since 2020. “We give the CEO a solid A – we’re a believer in him. But we give the board a D-,” co-founder and chief investment officer at Osmium Partners, John Lewis, told The Australian Financial Review. Osmium Partners have been long-term holders of Redbubble and hold a 6.1 per cent stake, according to Redbubble’s most recent annual report. This makes them the second-largest shareholder behind Mr Hosking. Redbubble’s 90 per cent-plus share price slide...