21 April 2008

Triton conference special: Merger failed because of separate DNA

Global chief executive and Triton director Andrew Botterill said the three consortia that made up Triton had failed to merge because the ââ¬ËœDNAââ¬â¢ of their businesses was different.

ââ¬ÅâœA year ago we were three different entities with three different shareholders. Today the situation hasnââ¬â¢t changed," he said.

ââ¬ÅâœWe came from the point of putting three into one and uniting the independent sector. The concept needed the backing of boards and members and for various reasons we never managed to get there.

ââ¬ÅâœWe learnt a lot about each othersââ¬â¢ businesses and the DNA of our businesses ââ¬' the way we operate ââ¬' is different.

ââ¬ÅâœThe whole process took 12 months and was too convoluted and weââ¬â¢ve now got to do a better job at communicating the benefits to members.ââ¬~

by Jeremy Skidmore (www.jeremyskidmore.com)

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