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Former Gold Coast Titans CEO David May breaks silence
Former Gold Coast Titans CEO David May. Picture: Jerad Williams Source: Gold Coast Bulletin
DEPARTED Titans CEO David May has broken his silence on claims a rift with club founder Michael Searle forced his exit as Gold Coast's search for his successor goes global.
May stunned many in the NRL with his sudden resignation on Wednesday, less than a year after being appointed to steer the Titans out of a debt crisis.Under May's stewardship, the Titans crawled into the black, recording a "modest profit", and were the only Queensland team in the top eight when he resigned at the mid-point of the NRL season.May cited personal reasons for his swift departure, but The Courier Mailunderstands a strained relationship with Searle was a factor.The disgraced Searle stood down as managing director last July after nearly sending the Titans broke, but he remains an influential voice.ASIC records show Searle is the Titans' largest shareholder, owning 39 per cent of the club's 85,500 shares through GCT Investments Pty Ltd.The other stakeholders are Anshuman Magazine (29.2 per cent) and Darryl Kelly (31.8 per cent), the latter a Titans director alongside Searle.Sources say Searle, by virtue of his shareholding alone, has found it difficult to relinquish control.
That created incessant frustrations for May, who made it clear upon his appointment that he would govern the Titans on his terms.Asked yesterday if a purported fallout with Searle had made his position untenable, May was unequivocal."That's not the reason for me going," he said. "It's really not about issues of personality. If every time in my career I clashed with somebody with a different opinion, I wouldn't have stayed very long in any job."The business I'm leaving is an emotional one for me. A huge amount of me has gone into the last 12 months.''Fellow shareholder Kelly scuppered claims Searle played a role in May's demise. The Titans are now assessing a number of candidates to replace May and have not ruled out an overseas appointment.
"It was David's decision, there were some issues in his personal life and I didn't know how great they were,'' he said.
"Michael has been reasonably good about it. He has mixed roles and we recognise that.
"If there is a decision to made at board level, where he may have a conflict he has withdrawn from voting on those issues.
"If Michael didn't do that he would be jumped on anyway.
"We talked about whether we should bring in an interim CEO, but we'll be progressing as quickly as we can to find a worthwhile replacement for David.
"I have a checklist in my mind, the sort of character we are looking for and the experience we are looking for.
"We are looking overseas at an international array of people we are considering.
"We won't replicate the Canterbury Bulldogs and go through 3500 applications because I wouldn't put myself through looking at so many candidates.''
http://www.dailytelegraph.com.au/sp...y-breaks-silence/story-fni3grk4-1226664157643
- PETER BADEL
- THE COURIER-MAIL
- JUNE 15, 2013 12:00AM

Former Gold Coast Titans CEO David May. Picture: Jerad Williams Source: Gold Coast Bulletin
DEPARTED Titans CEO David May has broken his silence on claims a rift with club founder Michael Searle forced his exit as Gold Coast's search for his successor goes global.
May stunned many in the NRL with his sudden resignation on Wednesday, less than a year after being appointed to steer the Titans out of a debt crisis.Under May's stewardship, the Titans crawled into the black, recording a "modest profit", and were the only Queensland team in the top eight when he resigned at the mid-point of the NRL season.May cited personal reasons for his swift departure, but The Courier Mailunderstands a strained relationship with Searle was a factor.The disgraced Searle stood down as managing director last July after nearly sending the Titans broke, but he remains an influential voice.ASIC records show Searle is the Titans' largest shareholder, owning 39 per cent of the club's 85,500 shares through GCT Investments Pty Ltd.The other stakeholders are Anshuman Magazine (29.2 per cent) and Darryl Kelly (31.8 per cent), the latter a Titans director alongside Searle.Sources say Searle, by virtue of his shareholding alone, has found it difficult to relinquish control.
That created incessant frustrations for May, who made it clear upon his appointment that he would govern the Titans on his terms.Asked yesterday if a purported fallout with Searle had made his position untenable, May was unequivocal."That's not the reason for me going," he said. "It's really not about issues of personality. If every time in my career I clashed with somebody with a different opinion, I wouldn't have stayed very long in any job."The business I'm leaving is an emotional one for me. A huge amount of me has gone into the last 12 months.''Fellow shareholder Kelly scuppered claims Searle played a role in May's demise. The Titans are now assessing a number of candidates to replace May and have not ruled out an overseas appointment.
"It was David's decision, there were some issues in his personal life and I didn't know how great they were,'' he said.
"Michael has been reasonably good about it. He has mixed roles and we recognise that.
"If there is a decision to made at board level, where he may have a conflict he has withdrawn from voting on those issues.
"If Michael didn't do that he would be jumped on anyway.
"We talked about whether we should bring in an interim CEO, but we'll be progressing as quickly as we can to find a worthwhile replacement for David.
"I have a checklist in my mind, the sort of character we are looking for and the experience we are looking for.
"We are looking overseas at an international array of people we are considering.
"We won't replicate the Canterbury Bulldogs and go through 3500 applications because I wouldn't put myself through looking at so many candidates.''
http://www.dailytelegraph.com.au/sp...y-breaks-silence/story-fni3grk4-1226664157643