Paul Arbuckle quits as Donaco CEO

Mr Arbuckle has provided six months’ notice, and accordingly his final day with the company is expected to be June 4, 2020.

Australia.- After six months at the helm, Paul Arbuckle quit as Donaco International Limited CEO. This resignation takes place just days after three board members failed to retain their seats at the company’s AGM.

Mr Arbuckle has provided six months’ notice, and accordingly his final day with the company is expected to be June 4, 2020.

“We respect his decision to tender his resignation at this time. The Board will now commence an executive search process to replace Paul as CEO, and we appreciate his willingness to continue to assist the Company during this transition period.”, said the statement the company published.

“Paul Arbuckle has made a significant contribution to improving the operations of Donaco since joining as CEO in June 2019,” it added.

Donaco is short in its requirements to continue to be traded on the ASX. The exchange says that any listed company must have at least two directors from Australia, and Donaco is now in the process of trying to find those persons so it can start trading once again.