Very much so. My training had been fantastic, I’d managed my career pretty well, but I wanted to be the CFO of a listed company; in hindsight, that was my career goal. I jumped in and thought what a competitive, exciting business, at the very leading edge of mobile phones.
It was one of the most challenging jobs I’ve done, and I admit, I underestimated how hard it would be.
The CEO was based in the States and I wouldn’t ordinarily advocate the CFO and CEO being so far apart, though we found a way for the most part to make it work.
I found that we didn’t have sufficient funding to get the business to profitability. I should have pressed them more strongly on that before joining. We had to go back to the market twice to raise more funding and just when we were getting towards having to do that again, our major competitor in the States made an offer to buy us, which ultimately, we accepted.