Boatmad.com


Reply
 
Thread Tools Display Modes
 
Old 12-11-2008, 02:17 PM   #1
Registered User
 
Country: UK
Location: Berkshire
Occupation: Powerboat Racing Photojournalist
Interests: Powerboat racing & Rallying

Join Date: Feb 2007
Location: Berkshire
Posts: 87
P1 All Change at the Top

News has just reached H2O Full Throttle that P1 have decided to combine the role of CEO with that of its Chairman. We understand that from the end of November 2008 Asif Rangoonwala will take sole charge of P1, which leaves no position for the current CEO Jim O'Toole. We also understand that it was an amicable split between the two parties involved.
__________________

__________________
Chris Davies
I drifted into powerboat racing photography like one drifts into prostitution.
First I did it to please myself.
Then I did it to please others.
Then I did it for Money.
Chris Davies is offline   Reply With Quote
Old 12-11-2008, 02:19 PM   #2
Registered User
 
Country: UK
Location: Bucks

Join Date: Dec 2007
Location: Bucks
Posts: 586
Send a message via Skype™ to ciao!
Gonzo will miss Kermit!

Good luck for the future Jim.
__________________

ciao! is offline   Reply With Quote
Old 13-11-2008, 09:21 AM   #3
Chief C*nt!
 
Johnny Rocket's Avatar
 
Country: United Kingdom
Location: Brighton
Occupation: Sparkler prefect
Interests: Boats
Boat make: Other people's mostly

Join Date: Mar 2004
Location: Brighton
Posts: 872
Doesn't immediately strike me as a good move for P1.
__________________
What could possibly go wrong?
Johnny Rocket is offline   Reply With Quote
Old 13-11-2008, 11:45 AM   #4
Registered User
 
cfun's Avatar
 
Country: uk
Location: poole
Occupation: retail
Interests: sport and being lazy
Boat make: ring rib
Engines: merc xr2
Cruising area: bournemouth bay

Join Date: Jan 2006
Location: poole
Posts: 1,681
I agree it would not seem a good move no doubt done on a cost cutting basis, however JOT having got himself up to speed with the sport appeared to be a good man for the job with regular posts on boating forums here and the USA to keep his P1 enthusiasts informed, I had noted that in the last few months Asif Rangoonwala had started to post instead which surprised me, I had assumed a man in his position, ie running day to day company's and especially in a worsening recession would want to keep his finger on the button and not end up diluting his time by running a sporting venture such as P1 ... only next season will tell if this was a wise move or not
__________________
i can na give her any more captain
cfun is offline   Reply With Quote
Old 13-11-2008, 05:44 PM   #5
numbskull
 
Jon Fuller's Avatar
 
Country: United Kingdom
Location: South
Occupation: none
Interests: none
Boat name: Leviathan
Boat make: Phantom 28
Cruising area: South Coast

Join Date: Mar 2004
Location: South
Posts: 15,959
Quote:
Originally Posted by cfun View Post
I had assumed a man in his position, ie running day to day company's and especially in a worsening recession would want to keep his finger on the button
Rangoonwala has recently sold the 'EuroBuns' business, so I guess he's got some time on his hands.
I wouldn't have thought JOT's tenure was long enough to really get his teeth into it / make lasting change for the better. Certainly not the kind of crack of the whip I would expect if the employers wanted results.
__________________
.

"I Agree with everything you say really!" - John Cooke to Jon Fuller - 26-01-2013
Jon Fuller is offline   Reply With Quote
Old 13-11-2008, 07:56 PM   #6
Registered User
 
cfun's Avatar
 
Country: uk
Location: poole
Occupation: retail
Interests: sport and being lazy
Boat make: ring rib
Engines: merc xr2
Cruising area: bournemouth bay

Join Date: Jan 2006
Location: poole
Posts: 1,681
Interestingly Dave (Geriatric on boatmad) of World of Powerboats says ...

''It's ironic that in our next issue out on Tuesday, we carry a feature entitled 'Ten Minutes with Jim O'Toole'. One of the questions we asked "Is Powerboat P1 Chairman Asif Rangoonwala happy with the way P1 is being run" and O'Toole replied "Well I haven't been sacked yet ". Days later, in a short statement from Mr Rangoonwala to Team Owners, the Chairman announces that P1 Chief Executive Jim O'Toole will be leaving his post at the end of November and Mr Rangoonwala will be taking over running the P1 empire. Asif wishes Jim all the best for his future''.
__________________
i can na give her any more captain
cfun is offline   Reply With Quote
Old 26-12-2008, 10:30 PM   #7
225
/280
 
225's Avatar
 
Country: Uk- Cambridge/Hertfordshire
Location: Hometown: Hertfordshire
Occupation: Retail Manager
Interests: Motorsport

Join Date: Feb 2008
Location: Hometown: Hertfordshire
Posts: 469
typed powerboats in youtube and it came up with a video about Asif Rangoonwala. He talks out his Business success and Powerboat P1. And that he wants to become the next Bernie Ecclestone.

__________________

225 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Powered by vBadvanced CMPS v3.2.3

All times are GMT +1. The time now is 06:51 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
×