Pros:
1. Potential for fresh leadership and new perspectives for Olaplex. 2. Opportunity to address customer concerns and improve brand reputation. 3. Potential for strategic changes and improvements to drive business growth. 4. Possibility of increased investor confidence with new CEO. 5. Chance to reevaluate company strategies and refocus on customer satisfaction.
Cons:
1. Loss of experience and expertise by JuE Wong stepping down as CEO. 2. Uncertainty and potential disruptions during the transition period.
3. Negative impact on company image due to recent customer lawsuit and falling share price. 4. Potential for loss of continuity in company vision and direction.
5. Challenges in regaining shareholder trust and recovering from the previous setbacks.
context: https://www.businessinsider.com/olaplex-ceo-steps-down-after-customer-lawsuit-share-decline-2023-10
Under JuE Wong’s leadership, Olaplex encountered turbulent times, including a customer lawsuit and a decline in their share price.
