- YPB's CEO Jens Michel resigns effective immediately
- Founder and major shareholder John Houston to resume operational leadership
Founder and major shareholder John Houston will resume operational leadership. All attention and effort will be funnelled into converting the A$122m new business pipeline to revenue and completion of the 40% overhead reduction plan in order to drive the company into profitability as quickly as possible.
YPB Executive Chairman John Houston said: "I would like to personally thank Jens for his service over the past 21 months and wish him the very best in his future career. For the remainder of 2017, I am determined to focus the Company and all its resources on closing revenue opportunities in our well-developed pipeline and delivering the Company into profitability."
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) is a pioneer in advanced brand protection solutions. Listed on the Australian Securities Exchange, YPB is expanding its global footprint with an established presence in Australia, China, Thailand, USA, and Mexico.
YPB's patented Anti-Counterfeit technology combined with its Security Packaging and Anti-Theft solutions, Consulting Services and YPB's proprietary CONNECT platform enables clients to PROTECT their high value brands from the risks of counterfeit, product diversion and theft while providing the tools to CONNECT directly with their customers.
YPB Group Ltd