In May 2022, just over six months after her appointment as CEO, Estelle McGechie was fired from Atomos due to her being unwilling to re-locate to Australia.
At the time, it seemed a bit odd because you would have thought that her appointment to that senior role would have been contingent on her re-location from the get go.
According to a suit that she has now filed in the US, she claims that there was more to it than her relocation.
A lot more.
In addition to her claims about gender discrimination and a toxic corporate culture at Atomos, there are also allegations that there was 'rampant illegality' at the company with regards to shipping out 'dud' products to fraudulently inflate sales figures to meet projected targets.
One example product mentioned in her filing is the CAST switcher add on for the Ninja V range which was shipped without any functioning firmware.
The other product mentioned is the Neon grading monitor which shipped with know deficiencies that rendered it outside of the capabilities detailed in its marketing literature and packaging.
The CAST product interests me because I've been surprised that for something that is such an appealing product (turns your Ninja V into an ATEM) there has been very little buzz about it since it was launched and comparatively few reviews on YouTube and certainly none from the past few month.
Possibly now not as surprising as I'd originally felt.
The share price of Atomos in the past twelve months certainly wouldn't have been bringing a nice warm glow to investors anyway, but this latest news has knocked it further.
Needless to say, Atomos have refuted all of Estelle McGechie's allegations so it will be interesting to see how this pans out.
Full story here :
https://www.afr.com/rear-window/ex-ceo-alleges-rampant-illegality-at-ellerston-regal-backed-atomos-20220831-p5be2q