John Palk Sees Signify’s Capital Markets Day as a Positive Turning Point

The following comment is from John Palk, President and CEO, SESCO Lighting:

“Change is inevitable in our industry.  Those who adapt to change the most efficiently are usually the ones who come out ahead.

The news and statements coming from Capital Markets Day I viewed with enthusiasm initially and a have taken a bullish outlook from my perspective as the event concluded.

The kind of delineation of the business that Mr. Tempelman showcased acknowledged that industry changes have occurred in the last several years and he offered a roadmap that was clear and relatable to me.  He presented reasoning for the planned changes and clearly articulated the expected results.  As was noted, the fundamentals of the company’s financial performance can’t rest solely on market performance.  The roadmap of the future of Signify, which was discussed, is one of adaptive change by playing to strengths, solidifying areas of significant and tangible opportunity, while reevaluating positions that no longer serve the growth and financial strength of the organization.  The message seemed honest and had the authenticity of someone who has spent the last nine months really digging in, listening to clients, agents, and the markets.”

Read more:  Signify Capital Markets Day: CEO Plans to End Revenue Decline