Callouts & quotes from 37,061+ activist slides

"This reduction in financial strength would eventually cause rating agencies to lower credit ratings of these life insurers, which in turn would trigger a reduction in confidence of investors, customers and agents of the life insurer. This could ultimately result in reductions in sales, increases in customers terminating their contracts, increase pressure on the liquidity of the company and reduce ability to raise capital; This cascading sequence of events ultimately has the potential to cause the insurer to become insolvent..."

"Compared to an independent midstream pipeline operator, refiners want to keep more excess capacity than they could possibly use on their pipelines. This guarantees that they won't have any system bottlenecks impacting the refinery. Conversely, when a midstream operator owns those pipelines, they want to keep assets as full as possible. — Industry Expert; Utilization just isn't a concern for a proprietary pipeline like it is for an independent. Independent operators are hyper-focused on maximizing utilization. — Industry Expert"

""It is said that leadership is the ability to guide or direct others. We would add to that definition the ability to inspire, enthuse, motivate and encourage – for starters. The fact is, Darden Restaurants leadership manifests itself in hundreds of ways every day. Indeed, we consider leadership excellence to be the essential strategic plank of our business model....leadership creates value for all of our stakeholders – guests, investors, employees, vendors and the community." — Darden 2004 Annual Report (Joe Lee's last as CEO)"

""I hate to break it to you...the [power] generation that they're [data center operators] citing is mostly not renewable and mostly not carbon free...Nuclear SMRs hopefully will be great, but they're not a productionized technology at scale today." — Astrid Atkinson, CEO Camus Energy at DER Task Force conference. "We are very interested in innovation in data centers...as long as it has a 20-year track record." — Former SVP Prime Data Centers, a Global Data Center Developer & Operator, 30 years in data center project development"

"[Y]ou do not have to be a visionary to see that the media industry has changed dramatically over the past few years. Consolidation was a necessary and positive trend in the evolution of these businesses. But we have entered a new era of rapid technological change and global competition. Bulk will not assure success. Agility [and] innovation will separate the winners from the losers. In the 21st century, large is no longer in charge. — Sumner Redstone, Final Transcript of Viacom Q2 2005 Earnings Conference Call, August 4, 2005."

"The Berkeley Lights machines are not being used much. Not beyond tinkering. People are just trying these things out to see if they can use them—from what I've seen, there's limited use. We tend to waste a lot of money in R&D. It's frustrating to see. We waste a lot of money. Berkeley Lights isn't the only one. We have machines just sitting around that were used once a twice that we spent half a million on. So, that's not an entirely problematic concept, unfortunately. We blow a lot of money. — Bristol Meyers Squibb employee #1"

"“Our group is actually one of the primary groups that publish on this, and we have a really hard time getting our publications through peer review because people are skeptical, and rightfully so, of the work that we do on Beacon because it is unusual, it is a foreign environment, and it is a very different approach to things. So, we have to do a lot of extra validation, a lot of really convincing reviewers that what we're showing is actually real. I think that's a big challenge.” — Leading academic institution/ex-BLI scientist"

""Citing some specific local GAAP requirements in how to report cash and equivalents in condensed local statutory accounts filings to build a story about potential double-counting of cash at Group level, when all these intercompany transactions are eliminated in the Consolidated financials, and cash amounts are systematically audited at both local and consolidated levels based on bank confirmations and other controls with all required communication between accounting teams and auditors." — Eurofins Press Release, June 25, 2024"

""And we already pointed out that in the last quarter we have a path to achieve our 2016 targets. We actually said that we're going to have an EBITDA target of $350 million 2016 on revenues of $1.6 billion... And then on top of it the synergies, and we are at this point in time roughly around 190% – 200% deployed. We have this and the use of the implementation system which gives us a good view inside of it and gives me some comfort that we are on a good path there." — Dr. Klaus Kleinfeld, Q3 2015 Earnings Call, October 8, 2015"

"The regulatory environment in China is evolving, and officials in the Chinese government, including at the local and central level, exercise broad discretion in deciding how to interpret, apply, and enforce regulations as they deem appropriate, including to promote social order. Regulators in China may change how they interpret and enforce the direct selling regulations, both current interpretations and enforcement thereof or future iterations. Regulators in China may also modify the regulations. — Herbalife Q1 2017 Form 10-Q"

"“What should be of concern is that – 10 to 15, maybe 20% of the worldwide business is public sector, but at Forescout, that was much higher. If you disrupt that – as you know, it’s not linear. To me, as an employee, I was concerned that they were reaching so top-heavy on public sector as a part of the entire business…. If federal now misses, it’s going to have an impact on the whole company…. That could be one of the reasons that we see the overall down-trend in the business.” — Cybersecurity Expert, Former Forescout Employee"

"“it’s like a horse pill”; “they’re going to chew it”; “I was concerned because the fourth most common cause of death...is choking...they can’t swallow...their suck reflex is poor...their choking reflex is poor...it’s a problem,,,they would chew,”; “that’s a problem [for Soleno]...this drug has been around since 1976...it’s not a new drug...it’s a new formulation”; “you got a big pill...it might get stuck in the upper part of the esophagus...I’m concerned about choking, particularly younger patients...” — Trial investigator #1"

"“I've got about, at this point, narcolepsy patients past and present are getting up to about—it came closer to 50-something patients. And the big issue, obviously, is the excessive daytime sleepiness in patients where it's interfering with normal activities and work, things like that. So, you had, Wakix was something that sounded very interesting because the consensus was that this wasn't something that would be addictive or patients wouldn't become dependent on it.” — Neurologist at a large hospital system in a Midwest state"

"Higher-level Distributors who are eligible to receive reward payments frequently buy Herbalife products in order to meet the thresholds for obtaining these rewards, rather than to satisfy consumer demand... analysis of Defendants’ purchasing data reflects... they frequently purchased almost precisely the amount of product necessary to qualify for the payment. — FTC v. Herbalife International of America, Inc., et al. (July 15, 2016). Case No.2:16-cv-05217, Complaint for Permanent Injunction and Other Equitable Relief, at p.37."

"I have zero confidence this team can get this right and certainly not in the timeframe that is needed. I rarely call for wholesale change at a company, but that is what is needed here. — Top 10 Active Shareholder; We see the numbers, not just every quarter when we have the board meeting here, but we know where the trajectory has been. Then actually when we meet with Bob Jordan and Andrew Watterson, we bring these concerns up... We have years of disdain from leadership, and that’s how labor has been treated. — SWAPA leadership"

"“...if you're looking at diagnosis codes, so guys that have the N40.1 or the subcodes beneath that who have a diagnosis of symptomatic BPH...that's a really misleading number, because that code will get dropped in all kinds of situations that really may not mean this guy has symptomatic BPH. It's just a function of how a lot of PSA tests are ordered; people just use that code for that. So there's probably a significant overestimation of total disease burden.” — Spruce Point Interview with Private Practice Urologist, Dec 2024"

"I’d say it’s early days and we’ve always said this is going to be a 5-year journey with KYMRIAH to really get it to be the globally successful brand we want it to be. On manufacturing, we have seen some variability in our product specifications. — Vasant Narsimhan, Novartis CEO, July 2018; Let’s first make a comment about manufacturing and gene therapy of CAR-Ts. I think we all need to be aware, this is an extremely new field. A lot of manufacturing technologies are under development. — Richard Ridinger, Lonza CEO, July 2018"

"Keith is definitely a more polished individual but his understanding of the technology that he’s speaking to, and the way that’s going to be received by physicians, is naïve. Grossman describes Omnia as really just the marketing, like the same marketing spin that was being presented at NANS. I don’t think he understands the way that these physicians work and their desire to have new and innovative products. Omnia is not a new or innovative product. It’s basically just a repackaging of an old product. — Former Nevro executive"

"Here's the time line and the value opportunity. So currently, we're in that feasibility study stage focused on RPM, just finished our last round of drilling. Watch the news flow in the coming weeks as drill results start to come in and then get this resource update before the end of the year. Concurrently, we have the next level of metallurgical test work happening now. Everything converging on delivering this feasibility study for RPM by the end of 2025. All of our resources are going towards that. — Nova CEO, Sept 30, 2024"

"One individual report can make a difference. Many drug withdrawals began with one clinical report that initiated further investigation...a single report ultimately led to the removal of terfenadine from the market. This report potentially saved many lives and led to a better understanding of the mechanism involved in causing torsades de pointes. Almost all drugs are now evaluated prior to being released on the market for their potential to induce cardiac arrhythmias, also as a result of this single case report. — FDA website"

"The current CEO is Peter Chapman. He doesn’t know quantum computation at all. And he’s a salesman at the same time. This, in my opinion, is a very dangerous combination because I have heard him say things that are just completely wrong. Outside IonQ, and I’m sure probably even inside IonQ because I know technical people at IonQ, and I understand that they’re worried. Outside IonQ, people laugh at the kinds of things that Peter Chapman says. — Leading quantum computing researcher who has published papers with IonQ’s founders"

"“The downtime was 20%. The good news is they were right across the bridge, and the technician who would fix it actually lived up the street in San Mateo from where we were.” — Bristol Meyers expert #2; “It's got a lot of fluidics, and high-end FACS machines have the same problem. If you don't know how to take care of them, they become a very expensive doorstop very fast.” — Bristol Meyers expert #2; “We wouldn't let the average scientist walk up and use these machines because they're too complex.” — Bristol Meyers expert #2"

"The demand for prospective participants thus increased in geometric progression while the number of potential investors available in a given community or geographical area remained relatively constant. . . The exhaustion of prospects results from over-saturation . . . [T]he imposition of an inappropriate statewide quota did not negate the endless chain representation, nor did it prevent the chain from soon reaching the saturation point in a number of local areas. — In re Koscot Interplanetary, Inc. (86 F.T.C. 1114, 1132-33)"

""What typically happens, the pattern is, we go into a city, we’ll open up large learning centers first, fifteen hundred square meter ones. Then we’ll open up five hundred to one thousand square meter ones in the, in the second sort of ring, you know second set of large schools." — Louis Hsieh. "What [opening 81 learning centers in Q3 2012] should tell you guys is that our business is so strong in one-on-one and kids that we’re opening up a lot more centers than we normally would." — Louis Hsieh to an investor in June 2012."

"“CSIM believes that the board is typically best positioned to determine its leadership structure. Therefore, CSIM will typically not support proposals requiring the separation of these roles unless certain circumstances are in place.” — Charles Schwab Investment Management. “We will generally vote for proposals looking to separate the CEO and Chairman roles unless the company has governance structures in place that can satisfactorily counterbalance a combined chairman and CEO/ president post.” — JP Morgan Asset Management."

"“Actually, early on, it was substantial, especially for NGS. They made a really big splash, and I think that their low prices compelled a heck of a lot of even tightly regulated clinical labs to switch over to them. But, of course, you don’t necessarily recognize low consistency in the short term. You recognize that after multiple years. At least at the time that I left IDT, the team was having a substantial amount of success at winning back the customers they had lost several years before.” — IDT ex-regional sales manager"

""This alliance is a critical addition to our industrial asset management capabilities as we continue to strategically invest for growth by delivering integrated APM solutions for our energy and industrial customers. We share the same strategic vision of combining critical equipment engineering with digital analytics, and Augury also has broad technology and skillsets that complement our existing offering to improve efficiencies, productivity and operational excellence." — Lorenzo Simonelli, chairman and CEO at Baker Hughes"

""I'm proud to announce that TaskUs is profitable and on a $35 million revenue run rate. We've doubled revenue and headcount in the past five months, and we plan to triple our current revenue and headcount by the end of 2016." — PR, June 2015; "They've got 1,500 employees between Santa Monica and The Philippines, and closed out 2014 by doing $15 million in top-line revenue, increasing from the $6 million they did in 2013." — Leveling Up Interview; "Revenue was $8 million in 2014" — Spruce Point Interview of Former Executive"

"The Audit Committee and the Board have determined that it would be in the best interests of the Company to make changes in the leadership for the oversight and control of its financial operations to correct the "tone at the top" and ensure it is consistent with the Board's commitment to maintaining strong corporate governance. The Company will enhance the accounting organization, both by adding personnel to that function and by increasing training for all members of the organization. — Mettler-Toledo (2004 10-Q disclosure)"

"We note that senior secured loans appear to have grown to 80% of total loans held for investment at amortized cost, 18.6% of total loans held for investment, and 6.9% of total loans as of June 30, 2024. In future filings, please revise your disclosures, in an appropriate location, to provide an expanded discussion of your senior secured loans that more fully describes the borrower population, underlying collateral characteristics, and typical duration of the loans. — SEC Comment Letter to SOFI Technologies, Sept. 19, 2024"

"Search for a new director did not commence until after Elliott launched its proxy contest. Mr. Hess replaced Sir Martin Sorrell, who only attended 63% of Arconic's board meetings in 2016 – this would have resulted in an automatic AGAINST recommendation by major proxy advisors. Mr. Hess decided to join the Board after Elliott launched proxy contest and promptly endorsed a failed CEO, which Sir Sorrell has a significant stake, was compensated for Dr. Kleinfeld's wasteful and exorbitantly expensive Jetsons marketing campaign"

""The process is very sensitive," says Anca Gavris, the Millville plant manager and its first employee. "Everything needs to be to perfection." — Bloomberg, July 31, 2019. "We are also subject to the risk that as we continue to expand, our trade secrets, confidential information and the know-how related to our oat base and other proprietary products could be leaked, intentionally or unintentionally, misappropriated or stolen, which could have an adverse effect on our business and results of operations." — Prospectus, p. 31"

"“Because of the cost, people are going to start shifting gears, and they're going to be changing to a different pump because it's not sustainable for a transplant center, and I understand that TransMedics, they're going to tell you, this is going to be covered by Medicare and by private insurance and yadda, yadda. The reality is that this is going to drive the healthcare cost - you already know that the healthcare in America is destroyed - so this is going to kill the healthcare system.” — Transplant surgeon at Vanderbilt"

""If you look at where search comes from on the AOL properties, majority of it comes from the homepage client and from AOL.com." — CEO Tim Armstrong, 2Q10 conference call, 8/4/10; "... AOL's search business is intimately linked to the Access business. Content isn't driving search – it's people who use AOL software. Current and former Access and AIM users. AOL tried a lot of things to get more users from other sites to use Search, but nothing worked, it was fairly disappointing ...." — Former senior AOL employee, March 2012"

"“The turnaround would be astonishing in any industry, but especially in the beverage-marketing business, where short-lived brands are depressingly common... I posed those questions to Triarc’s top executives: chairman and majority owner Nelson Peltz, CEO Mike Weinstein... There is a vital interplay between the challenge a brand faces and the culture of the corporation that owns it. When brand and culture fall out of alignment, both brand and corporate owner are likely to suffer...” — John Deighton, Harvard Business Review"

""Moody's believes a sustained improvement in Olive Garden's earnings and same store sales performance over the intermediate term could be challenging given soft consumer spending and competitive pressures. This is of particular concern given that Olive Garden will comprise the substantial majority of Darden's consolidated earnings and be the key credit support for the company, which will be less diversified and smaller in scale post the divestiture of Red Lobster." — Bill Fahy, Moody's Senior Credit Officer, May 16, 2014"

"The LICAT guideline establishes standards, using a risk-based approach, for measuring specific life insurer risks and for aggregating the results to calculate the amount of a life insurer's regulatory "required capital" to support these risks. The amount of capital targeted by the LICAT is meant to allow an insurer to survive a 1-in-200-year adverse event. LICAT also defines which components of the insurer's capital structure can be counted as "available capital" to satisfy the "required capital" benchmark. — Mr. Rehbeli"

""Moody's believes a sustained improvement in Olive Garden's earnings and same store sales performance over the intermediate term could be challenging given soft consumer spending and competitive pressures. This is of particular concern given that Olive Garden will comprise the substantial majority of Darden's consolidated earnings and be the key credit support for the company, which will be less diversified and smaller in scale post the divestiture of Red Lobster." — Bill Fahy, Moody's Senior Credit Officer, May 16, 2014"

"Our inspection revealed that your firm knew that the device’s transmission limit, which was explained in the previous section, was resulting in data not being transmitted. Records reviewed during our inspection indicate that your firm has been aware of customer complaints related to this issue since at least 2019. Specifically, our inspection found a significant number of complaints regarding this issue, which revealed two deaths as well as significant arrythmias that were not reported to physicians. — FDA Warning Letter"

"“Indicative of the strength within our portfolio is the performance of our 50 most productive United States centers. These properties generated average sales per square foot of approximately $648. Not only do these 50 centers produce tremendous sales per square foot, they also represent approximately 50% of our total mall NOI. This is one more example of the quality of our portfolio, and quality will be more important than ever as we move forward in 2008 and 2009.” — John Bucksbaum, Chairman and Former CEO, July 31, 2008"

"“Our SORT business has been rapidly growing as a result of privacy trends, I mentioned before.” — Perion CEO (Q3 2022); “This is why we believe SORT will continue to be a major contributor to revenue and EBITDA.” — Perion CEO (Q1 2023); “Another thing we added into the cost, we’re not charging for it, it’s built into the cost... We’re offering different solution for targeting. It’s called SORT. At this point, we are not charging for it. We are offering it to our customers.” — Perion CEO (Needham Conference, May 17, 2023)"

"“I just saw somebody today and the kid already has diabetes...we were talking about what she would have to do as far as monitoring and everything [if on Vykat]...and she’s like, oh, I had no idea...she said, well, could it make it worse...and I said, absolutely...it’s being downplayed...having sat through I don’t know how many informational sessions before and after it was approved - it feels like propaganda...I really feel they’re downplaying side effects.” — KOL in the PWS field; involved with Soleno’s clinical program"

""Evaluation of the char was not within the scope of the project; however, it is considered to be unlikely to have such high value when produced from a non-coking coal such as the Powder River Basin (PRB) coal used in this study." — Ramaco Carbon Technical Report (March 2023). "guilty of conversion, unauthorized use of partnership funds for non-partnership purposes, usurping a partnership opportunity and of violating their fiduciary responsibilities to the partnerships." — Bankruptcy Court ruling regarding Randall Atkins."

""So you've just seen the acquisition of PCC that's underway by Warren Buffet's Berkshire Hathaway. And he paid for a business that is having $10 billion of revenue, whereas $6 billion of those $10 billion are having a full overlap with us." — Dr. Klaus Kleinfeld, October 8, 2015; "So, I mean, the most natural competitor when you go to aerospace is PCC right? And the aerospace business, I mean, pretty much we are catering in all of these businesses that PCC also caters to, right?" — Dr. Klaus Kleinfeld, September 8, 2015"

""We've conducted dozens of focus groups across the country listening to hundreds of agents, home buyers and home sellers, learning why they were so dissatisfied with the legacy offerings and what they hope for in a better residential portal. We heard loud and clear that brokers, agents, sellers, buyers and investors all dislike, real estate portals that use agents listings as baked to drill in homebuyers and then sell them off to other agents as leads with exorbitant commission splits." — CoStar CEO, Q4'23 Earnings Call"

""it's supposed to go to the OPO to reallocate the liver...but as soon as TransMedics finds out, they have quite the list of backups, they are already calling other surgeons and being like, could you potentially use this liver?...a lot of these conversations [are] happening...I'm not exactly sure what is said...I just know that these phone calls are being made and then it's...coming back into the OR and being like, this particular surgeon could use this liver. Why don't you call them?" — Former TransMedics OCS specialist"

"“... Patch provides general branding for local businesses, but this is not what most customers want. Local advertisers want to see the impact of their spend, and generally prefer pay-for-performance advertising...” — Former Patch ad manager, March 2012; “... our local advertisers are sophisticated and smart. They want to know about metrics and performance. They’re not going to pay a $35 CPM to reach twelve people, which is unfortunately what they would have been paying at times....” — Former Patch ad manager, March 2012"

"I was very critical, and they didn't want to talk about the side effects, which I insisted on...they didn't even tell us that those papers were being prepared or published...there were complications...they develop hairiness...they develop diabetes...they develop edema...we had to give diuretics; co-authors were not even informed about the existence of this papers; it's bizarre...[redacted] would have recruited a big number, yet [redacted's] name is not on the paper...very odd...it was very odd... — Trial investigator #2"

"“we’re almost 10 weeks in – I haven’t noticed any ‘improvements’...if I don’t see improvements at week 15/20, I may stop it...why take a medicine that’s not helping?”; “still titrating...the focus on food is the same...praying it gets better as we go along”; “no behavior changes that I noticed...we made it week 8...but stopped due the edema”; “she still wants many snacks...I do t [sic] know how much more I can tolerate”; “my granddaughter is very similar...always discussing food...5 months on Vykat...” — Facebook groups"

"So as we go public here through this SPAC, we will be very well-capitalized to be able to pursue that M&A strategy. So we'll end this transaction debt-free with $205 million of capital on our balance sheet. When we went out to do our pipe raise, we started at $50 million pipe. It was upsized in the second day to $100 million and then upsized again to $150 million, and we are still 2x oversubscribed for that pipe. And so that will give us a lot of ammo to be able to go and pursue our strategy — CEO Gateway Conf Sept 2020"

""this issue from our perspective is an attempt to sow confusion where none exists" — Burford Management; "so we don't believe that these [are] aggressive marks." — Burford Management; "So I think that the suggestion in the report that there's anything untoward or mysterious there is not a well-founded." — Burford Management; "we provide IFRS compliant financials," — Burford Management; "Burford's accounting and financial reporting is transparent, appropriate and has been consistent for many years." — Burford Management"

""The uLab software is advancing very rapidly. They are developing attachments that will allow an orthodontist to do the most comprehensive cases by just using clear aligners." — Dental Consultant; "With uLab, I can now do combo cases. Wires and brackets are often much more efficient for certain necessary movements. When I am doing combo cases, I am completing them much faster. I would guess that I am completing cases 6 months faster." — Orthodontist; "uLab has a huge waitlist to use [the software]." — Dental Consultant"

"The manner in which Dr. Kleinfeld chose to bolster Alcoa’s balance sheet, selling equity at the bottom, amounted to a bailout of existing shareholders – one ironically done at a significant opportunity cost to those investors with the misfortune of having participated. Had those participating investors invested in the Company’s self-selected proxy peers instead of placing their capital under the stewardship of Dr. Kleinfeld, they would have generated a return approximately 4x that realized on their investment in Alcoa."

""Management is not particularly disciplined and tends to bid aggressively when it wants an asset." — Former senior employee; "We could have bought a particular asset for 7x EBITDA, but Matt was not interested. When Matt heard that a competitor was interested to buy the asset, suddenly he wanted to own it, and we ended up paying a lot more. There is no real process or discipline around M&A." — Former senior employee; "Dye and Durham keeps paying irrational prices for acquisitions where we compete." — CEO of a competitor"

"Our residual assets are subordinate to investors' interests, and their values are subject to credit, prepayment and interest rate risks on the transferred financial assets. The investors and the securitization trusts have no recourse to our other assets for failure of debtors to pay when due. In computing gains and losses on securitizations, we use the same 8% discount rate for the fair value calculation of residual assets, which is determined based on a review of comparable market transactions. — HASI 2021 10-K, p. 96"

""The Group also enters into nonmonetary transactions to exchange online broadcasting rights of licensed copyrights with other online video broadcasting companies from time to time. The exchanged licensed copyrights provide rights for each party to broadcast the licensed copyrights received on its own website only. Each transferring party retains the right to continue broadcasting the exclusive content on its own website and/or sublicense the rights to the content it surrendered in the exchange." — IQ 2018 20-F, p. F-24"

""I can't tell what's different about them." — Current Joyn executive; "I think both companies were always looking jealously at each other or trying to one-up each other. But I don't think there's a large differentiation between the two companies per se besides that historical philosophy... they're more similar to each other than they are different." — Former director level employee; "Wow, it's like Zymergen too here. All the same stuff is happening, except it's happening even faster at Ginkgo." — Former Ginkgo employee"

"If you are starting from scratch, Shopify is the one I would probably start with. Its easy to set up and its more than enough for the first 24-36 months in business. The only reason I would say Lightspeed is because it's a solution you can grow into versus vs. Shopify which is a solution you grow out of. And that is because Shopify just doesn't cater to complex retailers. You almost never see a 20, 30, 50 location retail business using Shopify. There are much better tactics with Lightspeed. — Former Lightspeed Employee"

""But looking forward, we want to reiterate our commitment to long-term growth of 25% on the top line." — Fmr. CEO Zollars, Vocera 2012 Conf Call; "We, however, have not changed our view of the long-term gross margin target of 70%, since we believe all the same drivers remain in place." — Fmr. CEO Zollars, Vocera Q1 2013 Conf Call; "And we've published that our target model at a $200 million run rate, we believe we can get to a 68% gross margin and a 20% adjusted EBITDA margin." — CEO Lang, Vocera JPM Conf, Jan 12, 2017"

"On 14th September 2021, BP announced the hire of Ms. Anja-Isabel Dotzenrath - "exactly the right person at exactly the right time, a globally respected and deeply experienced leader in renewable energy with a proven track record of transforming and growing businesses" (former CEO Looney) - to lead the transformation of BP, from an international oil company to an integrated energy company effective 1st March ,2022: in April 2024 - merely two years into the job - BP announced that Ms. Dotzenrath was leaving the company."