Kos Galtos - Failure to launch
Ever since Kos Galtos was made Manager of
Commercial Development for ECT (Environmental Clean Technologies) the share
price has dropped considerably.
On the 4th of June, 2007 the share price for ESI
was 0.22 and was
August 10th, 2010.
This means the share price was 13.63%
of its' previous value.
Number of Sales of achieved since Kos
Galtos was made Commercial Manager = 0
My acceptance of the position was subject to a
number of conditions, primarily the appointment of a very experienced person to
prepare and implement a plan for the company's successful commercialization
Following a search, Mr. Kos Galtos
was appointed to the position of commercial development manager"
- Mr. Con Galtos, Half Yearly Report,
29/02/08. Available from www.asx.com.au.
Appointment to CEO – A lot of questions need to be answered!!!
With great sales figures and positive effect on the share price it would seem
logical to appoint Kos Galtos over someone with considerable industry pull and
contacts after a comprehensive search???
Where was the position advertised?
What makes Kos Galtos qualified for the position?
What were the criteria for selection?
Who else was interviewed for the job?
I’m not sure what other businesses appoint a CEO without doing an extensive
search and interview process?
Qualifications of a Leader
Are MBA’s and university degrees going out of fashion? Check out the
qualifications of Kos Galtos:
Associate Dip. Bus (Mktg)
Post Grad. Cert. Project Dev.
It would be interesting to see how many other executives have these levels of
qualifications and what sort of positions on Seek Executive etc. advertise
without including a Masters or Bachelors level degree as being necessary.
Prima Nova Limited – Multiple Roles
From Kos’ bio on
“Galtos is also a Director of Prima Nova Limited, a UK based sales and marketing
company he started in 2001 that focuses on e-business and integrated building
For a company involved in marketing and e-business why doesn’t it come up when
it is searched for in Google?
Would be great to know how many sales if any it has achieved. Hopefully more then
It is great that he has other interests just like Con Galtos who was listed as
CEO of Grain Exchange and ECT at the same time. Raises interesting questions
about commitment doesn’t it?
On ectltd.com.au he is listed in his experience as a former director of Tesabay.
Isn’t this another family business?
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