Is it fair to demonise business founders when they rally against the interference of others when a management takeover happens?
Superdry founder Julian Dunkerton is waiting on the outcome of a shareholder meeting to see if he can come back as a director. The board is urging shareholders to vote against his reappointment, and considering that his last year of power at Superdry coincided with poor sales, are they right to do so? It also begs the question, when is the right time for a founder to step away from a company, and what can other entrepreneurs do to ensure they know when that right time is?
When you’re the CFO or FD of a company, then planning for growth will be a key priority. Chas Howes, former head of finance at Superdry, sets out what his goals were for the company ? and what he would change if he could turn back time.