Vocation CEO steps into the market with purchase of shares

Livewire Equities


Vocation CEO steps into the market with purchase of shares. Trading in the shares of Vocation (VET) has again seen sellers take control with the stock fading over 7% at the time of writing. The AFR poured fuel on the fire over the weekend by airing an interview with former Vocation director and major shareholder Brett Whitford (VIEW LINK). In the interview Whitford claims that he had repeatedly tried to raise his concerns over the operational standards within the organisation. The same standards that have seen Government funding withdrawn from the business and the subsequent fall in the Vocation share price. Whitford has also claimed that the CEO of Vocation, Mark Hutchinson, should be fired and that his role as CEO is untenable. Today a disclosure to the ASX shows that Hutchinson has been purchasing shares on market with a value of close to $500,000. Possibly a statement that he intends to stand his ground in the face of the current storm.

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