GrowthOps ANZ CEO Jason Polson exits after three months in the role
More changes have hit at Trimantium GrowthOps (TGO) with newly-appointed ANZ CEO Jason Polson leaving after just three months at the helm, Mumbrella can reveal.
Polson stepped into the role following a massive restructure of the TGO leadership team, including the departure of almost all its directors.
Polson has left after three months as ANZ CEO of GrowthOps
The change saw chair Dominique Fisher and CEO Paul Mansfield both exit, with Clint Cooper coming in as managing director and CEO and a brand new board including Scott Tanner as chair and Philip Dalidakis, Craig McMenamin and Jessica Hart as non-executive directors.
A spokesperson confirmed Polson had concluded his role today.
Prior to stepping into the ANZ CEO position, Polson was group director, creative, of AJF Partnership, a business which was acquired by GrowthOps in 2017. His promotion came at the same time as more than 30 roles were made redundant from the TGO business.
Polson joined AJF in April 2019 from Clemenger BBDO Melbourne where he was a managing partner.
In August 2019, GrowthOps reported a $65m loss to the Australian Stock Exchange (ASX), after revealing a $13m loss for FY18. The company’s share price has been on a downward trajectory since it listed in 2018.
GrowthOps’ share price has struggled since it floated on the ASX [click to enlarge]
Earlier this week, TGO reported its Salesforce Einstein business would be spinning off to become independent, rebranded as Lightfold.
Mumbrella has approached Polson for comment.
topics
AJF Partnership
Clemenger BBDO Melbourne
Clint Cooper
Dominique Fisher
Growth Ops
GrowthOps
Jason Polson
Paul Mansfield
Phillip Kingston
Scott Tanner
TGO
Trimantium Growthops
of an advertising agency demonstrating the value of brand recognition, but destroying itself by rebranding.
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Still baffles me…
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Wonder which muppet will join this sinking ship…
I smell a sale coming or a shutdown!
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?
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Sell them the dream then exit in the stream
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He only lasted about 3 months here too
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Growth Ops seems to be one of the more ironic names floating around.
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More Ops than Growth it would appear.
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Looks like someone forgot to tell the ASX, shhh… keep your voices down, I’m sure they won’t notice
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I wish someone would do a time-lapse of the “leaders” page on the TGO site. It literally changes on a daily basis (no joke)! It used to have animations but they dropped that because they have to redo people’s photos constantly. The only one still there from the beginning is Phillip Kingston. It’s more entertaining than survivor!
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Suprising no one.
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…Pretty much keeps Australia afloat. But TGO’s been fking that business too.
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Share price up 60% on the same day Polson exited. And still no notification on ASX.
What a time to be playing smallcaps. How much longer will we be blessed with the TGO soap opera?
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How embarrassing for them.
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Can someone explain to me why people take so much joy urinating on this agency whenever any sort of bad news comes out? What’s the background here?
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Personally, I take no joy in it, but given how many people they’ve brutally laid off it’s not surprising to see a chorus of disaffected voices.
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Well, there would be a lot of people out there who invested and lost their money. No problem if Kingston was torching his own wallet – but other people’s?
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Tall poppy syndrome is prevalent in Australia. People tend to kick those who try something new, especially if they don’t succeed straight away.
It validates them for not trying.
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Growth Oops.
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GrowthFlops!
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Tall poppy syndrome is responsible for the share price decline and the follow-on vitriol? Wow – that is spinning a good yarn.
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This business is so poorly run shareholders will surely launch a class action against Phil Kingston.
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Sargon Capital enters external administration per the AFR.
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Possibly any of these to name a few – The arrogance, the hundreds lost jobs, the investor lost money, dodgey loans and operations (Sargon just crashed and TGO loaned millions to Sargon even though it was making a loss).
But hey you’re right must be tall poppy syndrome. We should all applauded and encourage more of this…
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Lucky GrowthOps have already tried to distance themselves from the Trimantium name…
This week: https://www.afr.com/companies/financial-services/china-financier-sends-receivers-to-sargon-trimantium-entities-20200130-p53w7m
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Interesting that Joe Aston’s AFR 3 Feb article quotes a tweet from Philip Dalidakis:
Proud to see a great Vic Tech company – Sargon – launch another range of products in #melbtechcity. Going global and taking on the world with its talented team. Let’s celebrate success & consign the tall poppy syndrome to a footnote of history #startupaus #fintechAus #SpringSt
Tall poppy syndrome is not a reason to appoint receivers and call in voluntary administrators. It’s because you cannot meet your financial commitments Mr Dalidakis.
I assume the senior creditors of TGO won’t give the foggiest about how tall your poppies grow.
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