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Article: Cost cuts in mix as Wattyl calls for doctor.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 3, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Scott Rochfort
Aug 03, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- The successor of John Nolan as MD of under-performing paint manufacturer Wattyl will be Tony Dragicevich. He is currently at the helm of the Caroma Dorf bathroom supplies division of the listed GWA group, and has a reputation as a turnaround expert. His main challenges will be Wattyl's debt burden and loss of market share in recent years. On 3 August 2009 the stock closed $A0.005 higher at $A0.78.
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