Avigilon SVP Sales "Resigns"

By John Honovich, Published Aug 05, 2015, 12:00am EDT (Info+)

Another Avigilon executive is out. This time it is the head of sales.

Things are starting to get pretty bloody at Avigilon.

In this note, we examined what happened and what it means for the former fast rising manufacturer.

SVP ***** ******

***** ****** [**** ** ****** *********] 'resigned' ***** ****** * ***** ** Avigilon *** ****** * ***** ** the *** ** *****. ** *** hand ****** ** ***** ******* ***** Schmode ************ *****,****** ** ** ***.

**** *** ******* *** ****** ** ******* *****:

***********? 

***** ***** ***, ** **** **** **** Simoes *** ****** **** * ****** close ** ********. *** ******** *** evidently **** ***** ***** *** *** of ** *** *** ******* ***** after********'* **** ******* **** *********.

** ********, ****** *** ***** **** Portugal ** ***** ******** ** ** find ** **** **** ** ******* that ** **** ******** ***** ****** to * ********* ******* ********* ** miles **** *** **** * ********* job.

Simoes **** *****

**** ******* ****** ** ***** **** close ** ********, ****** *** **** liked *** *********.

Track ****** ** ************

* ***** ******* **** ******** ** so **** ********** *********. **** ******** in ***, ****** ** *********** ****. **** ********,*** *** **** *** ***** ************** **** ******** **** ****. ***** executives ** '******' ****************, **********, ***** *********, ***.

***********

****** *********** ** ***** ********* [**** no ****** *********] *** *** ********** the ** ** ***** ***** *******. North ******* ******* ********'* **** ********** sales ****** ****** ** ***, ****** it **** *** *** ********* ** being ***** **** ******, **** * solid ******* *** *** ********** ******* US.

*******

******* *** ***** ***** ****, ********* revenue ******,**** *******, *** ******* ******** ********* ********** *** ******* ********* '************', ******** faces ******** ******* **********.

*** ****** **** ***** *** *** worse ** ****, *** ****** ** is ** *** **** ********** *** the **** ****** *** **** ******* even *******.

*********** ** ***, ************ **** **** **** *****, ****** *** ****, **** *****. Schmode *** ****** ******** * ******* only ******* (*.*., ** *******, **** your ****** ** *** *** *****). And *** ******* ** ******* ** the ***** *******.

Comments (5)

John Honovich

IPVM | 08/05/15 08:04pm

Along with 'resigning' Pedro Simoes today, Avigilon has removed 'executive' and 'senior' management teams, replacing it with just a single management team, as shown below:

Global Operations, Marketing and IR executives are now no longer listed.

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Undisclosed Manufacturer #2

08/06/15 02:41am
Just looking at the new/existing management. Perception to me is all are very young, obviously extremely arrogant and in my opinion very troublesome for investors. Will be interesting in the not so distant future as to their outlook. One thing is for sure, the industry is aware of this arrogance and quality personnel are unlikely to join to help the growth with the over hanging thought if bring sacked at a moments notice for whatever reason. Good luck.
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Undisclosed #3

IPVMU Certified | 08/06/15 05:31pm

Along with 'resigning' Pedro Simoes today, Avigilon has removed 'executive' and 'senior' management teams...

Has Avigilon provided any indication of how many more they will 'resign' in the short-term?

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John Honovich

IPVM | In reply to Undisclosed #3 | 08/07/15 10:35am

They do not provide 'guidance' on that area...

The tougher things get though, the less surprising it will be that more leave.

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Undisclosed #3

IPVMU Certified | In reply to John Honovich | 08/07/15 05:10pm

When the going gets tough, the tough get going....

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