7 March 2011. In a shock announcement today, PittCorp CEO, Trevor Pitt, resigned, citing "family reasons".
An undisclosed source close to the company claimed that Trevor's recent performance was just "not up to scratch". In particular, the loss of 4 valuable breeding stock from PittCorp Aquaculture (believed taken by next door's cat) were directly attributable to Trevor being asleep on the job.
Corporation Secretary, Trin (Ms Fixit) Strickland, has been appointed interim CEO, and it is believed that Chairman John Pitt, may take a more active role.
Markets rallied at this news, with many shareholders cashing in their BHP and Newscorp shares to invest more heavily in PittCorp.
24 December 2010. For the first time in over 20 years, PittCorp Chairman and founding CEO, John Pitt, was forced to cancel the annual Message to shareholders. He cited "difficulties" with the move, but rumours about the performance of CEO, Trevor Pitt, are rife.
PittCorp shares eased.
1 December 2010. PittCorp CEO, Trevor Pitt, today announced that the company HQ had moved from Glebe in Sydney NSW to Windaroo on the QLD Gold Coast.
"We badly needed more space for expansion", he said in a statement today. "Glebe's 96.4 m2 was no longer enough for our needs", he continued. "Windaroo, however, has more than 700 m2 of land plus a very much larger building. It already has the infrastructure necessary for the new PittCorp Aquatic Centre, and we have plans for an Aquaculture Division.
Markets rallied following the news.
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