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Post by brentie on Feb 19, 2016 9:09:30 GMT -5
Alfred Mann steps down as Executive Chairman of MannKind MannKind (MNKD) announced that on February 17 the company received notice from Alfred Mann that he was resigning as Executive Chairman and as a board member effective immediately. On February 18, the directors of MannKind named Kent Kresa as Chairman of the Board and also named Mann as Chairman Emeritus. Mann will continue to advise the Company as an employee in a non-executive capacity. Kresa is Chairman Emeritus of Northrop Grumman (NOC), having previously served as its Chairman and CEO. thefly.com/landingPageNews.php?id=2331227&headline=MNKD;NOC-Alfred-Mann-steps-down-as-Executive-Chairman-of-MannKind |
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Post by mindovermatter on Feb 19, 2016 9:09:43 GMT -5
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Post by mnkdfann on Feb 19, 2016 9:13:32 GMT -5
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Post by tayl5 on Feb 19, 2016 9:23:56 GMT -5
Thank you, Al, for sticking around as long as you did. Enjoy your (phased-in) retirement.
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Post by kball on Feb 19, 2016 9:36:16 GMT -5
Sad day.
3 months ago he was named interim CEO after the Hakan episode. Now this news.
Explains why there was no public appearance or even a shareholder letter from him
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Post by bioexec25 on Feb 19, 2016 9:38:06 GMT -5
Yes many thanks and best wishes to Al. Being a non-executive majority shareholder does have it's advantages.
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Post by coo2002coo on Feb 19, 2016 9:40:55 GMT -5
I wish him to stay healthy and enjoy life with family and friends.
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Post by centralcoastinvestor on Feb 19, 2016 9:43:41 GMT -5
I knew it had to happen one day. It still makes me sad. What an incredible run Mr. Mann has had. I hope his health is OK but I am concerned. Thank you Mr. Mann for your service to humanity and to the diabetic world.
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Post by Deleted on Feb 19, 2016 9:44:15 GMT -5
Is this viewed as a positive or a negative?
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Post by petech on Feb 19, 2016 9:45:46 GMT -5
This was not unexpected given Al's stepping down from EYES a short while ago / his age. First and most importantly, we all owe Al a great debt for all he's done. He took chances and succeeded where the road seemed impossible and the world is a much better place because of the handful of people that are like him. Al still remains my hero regardless of what my investment here does or doesn't do.
As for the rest of us shareholders, I'm all ears for advantages, but I am sure this is going to be spun as Al "turning his back" on MNKD...just like MNKD obtaining financing from someone other than Al was spun as Al "shutting his wallet" to MNKD. Plus the thoughts of Al "bailing us out" with some sort of loan also decrease in probability.
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Post by Deleted on Feb 19, 2016 9:47:53 GMT -5
stocks only down 1%
I think those that are holding will take this journey where ever it goes.
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Post by mindovermatter on Feb 19, 2016 9:52:08 GMT -5
Is this viewed as a positive or a negative? Neutral, IMO. As for the stock market? It doesn't care. The stock is stuck in the mud until possibly April. |
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Post by kbrion77 on Feb 19, 2016 9:55:40 GMT -5
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Post by pengiep on Feb 19, 2016 10:08:15 GMT -5
Though this event was inevitable, and I doubt it signals anything of real significance, it will be spun negatively. I'm in for the long haul and if the PPS drops, I'll be buying some more.
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Post by kball on Feb 19, 2016 10:50:51 GMT -5
Any thoughts on if yesterdays drop was leak of this news to insiders and those with better info than us, vs normal action lately between .90-1.00?
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