Tim Hughes leaves Photon Group board
Photon Group co-founder Tim Hughes has quit the troubled company as it continues its efforts to recapitalise.
Hughes had already resigned as executive chairman but has now left the Photon board.
Photon, owner of agencies such as BMF, BWM, Naked and CPR, ran into trouble after an acquisition spree left it with payout liabilities that it cannot meet without more funds.
Is this a sign of a turn around or a guy who knows when to jump ship as it finally sinks?
feel sorry for the bmf,naked dudes…..will they ever get their payout figures they deserve??
If i were one of the guys on earnout, I would have made his leaving a condition of signing that agreement.
Chris, I don’t think you have to worry about the financial position of the bmf dudes.
Agree with RJ! So hard to know if this is a positive opportunity for Photon to move forward or if it’s the original rat leaving the sinking ship. Good riddance in any case.
who wants to fall on a sword?