CEO's Resignation Resulted In Sharp Fall In Its Shares By 22%

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The announcement of the resignation of CEO RonaldVanDerVis on the 13 day of the earthquake in the wake of the senior staff of the ESI world led to its sharp decline of 21.81%.

On the 13 day, Inditex, the parent company of the Spanish clothing brand ZARA, rose 10% after its first quarter results.

Analysts say Fan Deshi's resignation will bring a fatal blow to the pformation of Si Jie global.

RonaldVanDerVis announced its announcement on the evening of June 12th, announcing the resignation of executive director and chief executive officer.

The resignation will take effect on or before July 1, 2013.

According to the announcement, van der Sar decided to resign for private and family reasons and expressed his intention to seek other developments.

Xue Shengwen, senior researcher of China investment advisor, said

Raising business revenue is the main goal of Si Jie global pformation in recent years. In recent years, many personnel changes may result from the failure of the reform and the continuous decline of the company's performance.

Xue Shengwen pointed out that Fan Deshi's resignation will bring a fatal blow to the pformation of Si Jie global. Frequent high-level changes will affect the direction of change and implementation of the reform, and at the same time, investors will lose confidence in the future of the company.

On the morning of 13, in the morning, the global shares fell 23.15% to HK $10.36, the biggest decline since October 23, 1997.

Su Peifeng, an analyst at Sun Hung Kai Financial Group, also said that the resignation of CEO is the core of the company's brand rebuilding strategy. Its resignation will certainly have a greater impact on the company, so the capital market has a strong response.

Industry analysts say the negative reaction of CEO's resignation is expected, because van der Sar is a key figure in the 4 year pformation plan of Si Jie global, and he has reconstructed the management team in the past 18 months in September 2011.

In its announcement, Si Jie pointed out that its pition plan, which lasted until 2014/2015, is now in its implementation stage. Even after the resignation of chief executive officer, the company will continue to carry out its pformation plan according to the established target.

On the 13 day, reporters interacted with Si Jie universal, and the other side replied, "the head of the media is not in Hongkong, and will respond later."

After the announcement of the resignation of the chief executive of Si Jie global, its rival Spanish clothing brand.

After its first quarter results, Inditex, the parent company, rose 10%, the biggest single day increase in more than two years.

Inditex announced its first quarter results. As of April 30th, net profit increased by 30% in the 3 months to 432 million euros, exceeding the market forecast of 381 million euros.

Sales in the first quarter rose 15% to 3 billion 420 million euros, exceeding the market forecast of 3 billion 300 million euros.