A former chief executive of automotive parts group Bapcor says it is “disappointing in the extreme” to see the company in turmoil and the board, which lost its incoming CEO with two days’ notice, was to blame.
Darryl Abotomey, who left Bapcor in late 2021 after an acrimonious falling out with the board and chairwoman Margie Haseltine, said he regretted not selling his shares as he feared a substantial slump in value once a trading update comes out on Thursday.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
