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09-12-2012, 02:27 PM - 1 Like   #1
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Ned Bunnell sacked?

Pentax's own press release:

PENTAX - Ned Bunnell to Retire as President of PENTAX RICOH IMAGING AMERICAS CORPORATION; James Malcolm Assumes Responsibilities as Executive Vice President

I find this highly suspicious...

09-12-2012, 02:31 PM   #2
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Umm...

https://www.pentaxforums.com/forums/official-pentax-news/198755-ned-bunnell-r...tion-jame.html
09-12-2012, 02:41 PM   #3
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If I apply experiences in European multinational companies, it would seem PRI Japan wants to have a tighter grip on whats's happening in the Americas.

Effectively it would mean Mr. Malcolm is the boss concerning everydays business, but Mr. Akahane could step in from Tokyo any time without addressing any hierarchy problems.

Which means, he now can just reverse any decision made in the US without having to sack Mr. Malcolm.
09-12-2012, 02:58 PM   #4
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Wording here is important in things like this since it implies things to investors.

The use of "retires" is different from "steps down". The latter is ambiguous and can imply pressure from the board or external. The former implies it was it was entirely his decision.

09-12-2012, 03:04 PM   #5
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I expect that the EVP title may be temporary until some little time passes and Mr. Akahane is satisfied that things are going in his (Mr. Akahane's) way. That's common.

I expect that Pentax HQ wants Pentax USA to chart a new course but I cannot believe that the Pentax president wants to take an active, personal role in each country. I can believe, though, that the two presidents will be working closely for a while on the US market.

These will be exciting times.

Last edited by glanglois; 09-12-2012 at 03:11 PM.
09-12-2012, 03:09 PM   #6
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QuoteOriginally posted by Vylen Quote
Wording here is important in things like this since it implies things to investors.

The use of "retires" is different from "steps down". The latter is ambiguous and can imply pressure from the board or external. The former implies it was it was entirely his decision.
I have to disagree. I've known quite a few managers who were encouraged to retire. The smart ones worked out a deal, if they could, and moved on. But Ned may have been more than ready to retire in any case. Perhaps that was the deal from the first - he would provide continuity for a year while Pentax arranged a succession. It looks as if Malcolm took a consulting role with Pentax in Japan for a while, probably so leadership could size him up (and vice versa) and work out the strategy for the next few years at least.

Ned may have been coached out but he may well be glad to be shut of seven years of conflicting direction from Tokyo.
09-12-2012, 03:11 PM   #7
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It's sad to see Ned go, but some of the text later on in the press release actually foreshadows some great new products...

Please continue discussion here:
https://www.pentaxforums.com/forums/official-pentax-news/198755-ned-bunnell-r...tion-jame.html

See also:
Ned Bunnell to Retire as President of Pentax USA - Pentax Camera News & Rumors - PentaxForums.com

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09-15-2012, 06:48 AM - 1 Like   #8
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QuoteOriginally posted by glanglois Quote
I have to disagree. I've known quite a few managers who were encouraged to retire. The smart ones worked out a deal, if they could, and moved on. But Ned may have been more than ready to retire in any case. Perhaps that was the deal from the first - he would provide continuity for a year while Pentax arranged a succession. It looks as if Malcolm took a consulting role with Pentax in Japan for a while, probably so leadership could size him up (and vice versa) and work out the strategy for the next few years at least.

Ned may have been coached out but he may well be glad to be shut of seven years of conflicting direction from Tokyo.
Ned is 65 and said that commuting from California to Colorado was starting to wear on him.

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