Cormotec's Global Expansion and Decentralization of Management Control
- 1Cormotec has grown into one of the world's top 50 pet food manufacturers, recording $210 million in revenue over a period of more than 23 years.
- 2The board consists of five independent directors with voting rights out of nine members, which recently blocked the acquisition of a Ukrainian company.
- 3CEO Rostislav Bobkov plans to step away from daily management to let a hired CEO lead the company within the next few years.
So what's the key point?
Cormotec has become a global pet food company and recently blocked a corporate acquisition by changing its management structure. In the future, professional managers will take over the company, leading to a division of management control.
Source Fortune · View original ↗
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