1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:07,880 --> 00:00:10,639 Speaker 2: After founding an investment bank that is catapulted to one 3 00:00:10,640 --> 00:00:13,680 Speaker 2: of the world's most well known, Ken Mollis is stepping 4 00:00:13,720 --> 00:00:16,920 Speaker 2: down as CEO of his namesake firm. The incoming CEO 5 00:00:17,000 --> 00:00:19,960 Speaker 2: joins Bloomberg's Global Finance coursepond At Shaneli Basik for his 6 00:00:20,120 --> 00:00:22,280 Speaker 2: first interview since that announcement. 7 00:00:22,360 --> 00:00:25,640 Speaker 3: Sali Scarlett, thank you so very much. I am joined 8 00:00:25,640 --> 00:00:28,080 Speaker 3: now by Navid ma Muzad again. Of course, he's the 9 00:00:28,080 --> 00:00:32,280 Speaker 3: incoming CEO of Mollison Company. Will take over on October first. 10 00:00:32,640 --> 00:00:33,800 Speaker 3: Congratulations first of. 11 00:00:33,800 --> 00:00:35,760 Speaker 1: All on the room, Rotnalie, appreciate it. 12 00:00:36,040 --> 00:00:38,800 Speaker 3: Now. Your founder, Ken Mollis has told me that this 13 00:00:38,880 --> 00:00:41,120 Speaker 3: isn't the end of an era, it's the start of 14 00:00:41,200 --> 00:00:42,840 Speaker 3: a new one. What does that mean? 15 00:00:43,600 --> 00:00:46,440 Speaker 4: Well, look, first of all, I'm really honored and excited 16 00:00:46,479 --> 00:00:49,440 Speaker 4: to take over as CEO. The firm is in an 17 00:00:49,520 --> 00:00:54,080 Speaker 4: incredible spot, given our talent base, a lot of the 18 00:00:54,600 --> 00:00:57,560 Speaker 4: investments we've made and making sure we're staying cutting edge, 19 00:00:58,400 --> 00:01:00,920 Speaker 4: the culture which is phenomenal at the firm, and I 20 00:01:00,960 --> 00:01:03,760 Speaker 4: think Ken looked at it and said this is a 21 00:01:03,760 --> 00:01:07,840 Speaker 4: great time to hand over the firm to the next 22 00:01:07,840 --> 00:01:10,319 Speaker 4: generation of leaders, and I know there's a lot of 23 00:01:10,319 --> 00:01:13,240 Speaker 4: excitement throughout our company about all the opportunities that's going 24 00:01:13,280 --> 00:01:15,399 Speaker 4: to present for me and for many of the people 25 00:01:15,400 --> 00:01:16,400 Speaker 4: within the company. 26 00:01:16,120 --> 00:01:18,880 Speaker 3: To the extent that there's something new about the way 27 00:01:18,920 --> 00:01:21,240 Speaker 3: you're going to run the company. What should investors be 28 00:01:21,319 --> 00:01:23,720 Speaker 3: looking out for, what should incoming talent be looking at for? 29 00:01:24,120 --> 00:01:28,080 Speaker 4: Well, look, I've been with Ken for thirty years. We 30 00:01:28,160 --> 00:01:32,880 Speaker 4: founded the company together, and the strategy that and the 31 00:01:32,880 --> 00:01:36,080 Speaker 4: building blocks of the firm have been very consistent throughout 32 00:01:36,080 --> 00:01:38,480 Speaker 4: the founding of the company. A lot of that's going 33 00:01:38,480 --> 00:01:41,080 Speaker 4: to continue with the core of what we do, putting 34 00:01:41,080 --> 00:01:45,959 Speaker 4: clients first, Hiring and developing the best bankers in the world, 35 00:01:46,520 --> 00:01:50,640 Speaker 4: and creating a culture that supports those bankers is not 36 00:01:50,680 --> 00:01:53,840 Speaker 4: going to change. I'll bring obviously a different energy to 37 00:01:53,920 --> 00:01:56,480 Speaker 4: it and a different leadership style to it, but the 38 00:01:56,520 --> 00:01:59,120 Speaker 4: core of our strategy is going to very much stay 39 00:01:59,120 --> 00:02:00,440 Speaker 4: intactity of. 40 00:02:00,360 --> 00:02:02,080 Speaker 3: It too, is that you're taking over at a very 41 00:02:02,080 --> 00:02:04,880 Speaker 3: complicated time, both in markets and in the world. As 42 00:02:04,880 --> 00:02:07,160 Speaker 3: we sit here today, there have been four days of 43 00:02:07,200 --> 00:02:10,680 Speaker 3: missile strikes between Israel and Iran, and Molism company has 44 00:02:10,720 --> 00:02:13,480 Speaker 3: a big presence in the Middle East. What are your 45 00:02:13,520 --> 00:02:17,560 Speaker 3: clients saying about the uncertainty that's building around this regional conflict. 46 00:02:18,000 --> 00:02:23,760 Speaker 4: Well, first of all, Shanali, we have Molu's employees, parts 47 00:02:23,800 --> 00:02:26,160 Speaker 4: of our MOLAS family in the Middle East, and our 48 00:02:26,240 --> 00:02:28,880 Speaker 4: first priority, in our first area of focus is making 49 00:02:28,919 --> 00:02:32,560 Speaker 4: sure you know, they're safe and sound, and thankfully we're 50 00:02:32,560 --> 00:02:34,760 Speaker 4: in constant contact with them and they're doing well so far, 51 00:02:34,880 --> 00:02:37,440 Speaker 4: So that's our number one priority. Look, we're in a 52 00:02:37,440 --> 00:02:41,440 Speaker 4: world that's changing rapidly all the time. I've been bullish 53 00:02:41,480 --> 00:02:45,280 Speaker 4: on the return of M and A and the steady 54 00:02:45,320 --> 00:02:46,960 Speaker 4: improvement that we've seen since April. 55 00:02:47,840 --> 00:02:49,079 Speaker 1: The Middle East conflict. 56 00:02:49,080 --> 00:02:51,760 Speaker 4: The latest Middle East conflict is early days and is fluid, 57 00:02:51,760 --> 00:02:54,400 Speaker 4: and so we'll have to monitor that really carefully. But 58 00:02:54,480 --> 00:02:56,840 Speaker 4: I continue to be optimistic that the forces that are 59 00:02:56,880 --> 00:02:59,480 Speaker 4: driving M and A are still very much intact. You 60 00:02:59,480 --> 00:03:02,360 Speaker 4: will see how it plays out, but that's still my perspective. 61 00:03:02,560 --> 00:03:06,679 Speaker 3: Do you think that the geopolitical tension has the opportunity 62 00:03:06,680 --> 00:03:08,680 Speaker 3: to really throw a wrench in some of the activity 63 00:03:08,720 --> 00:03:09,600 Speaker 3: that's been coming back. 64 00:03:09,680 --> 00:03:13,720 Speaker 4: Well, sure, Look, geopolitical risks and things like wars always 65 00:03:13,720 --> 00:03:15,880 Speaker 4: have the potential to create bad outcomes. 66 00:03:16,240 --> 00:03:17,560 Speaker 1: But again it's really early days. 67 00:03:17,560 --> 00:03:20,160 Speaker 4: We're monitoring the situation carefully and we're obviously hoping for 68 00:03:20,200 --> 00:03:20,480 Speaker 4: the best. 69 00:03:20,600 --> 00:03:23,120 Speaker 3: At the same time, here in the US, investors have 70 00:03:23,200 --> 00:03:27,040 Speaker 3: been responding to tariffs as well. CEOs have been changing 71 00:03:27,040 --> 00:03:31,280 Speaker 3: their business lines around the president's plans. How concerned are 72 00:03:31,320 --> 00:03:34,200 Speaker 3: you and your clients about the impact of tariffs? 73 00:03:34,600 --> 00:03:38,320 Speaker 4: So when you look at the companies and financial sponsors 74 00:03:38,360 --> 00:03:41,200 Speaker 4: and capital providers, Look, there's a whole swath of those 75 00:03:41,840 --> 00:03:44,520 Speaker 4: of industries and areas and companies that. 76 00:03:44,440 --> 00:03:47,200 Speaker 1: Have very little to do are very little impacted by 77 00:03:47,640 --> 00:03:48,920 Speaker 1: things like trade and tariffs. 78 00:03:49,280 --> 00:03:51,600 Speaker 4: We're seeing still a lot of activity in those areas 79 00:03:52,440 --> 00:03:56,840 Speaker 4: as you get closer and closer to manufacturing and companies 80 00:03:56,880 --> 00:03:59,560 Speaker 4: that are in the heart of some of the trade 81 00:03:59,600 --> 00:04:03,040 Speaker 4: impact areas. Clearly that's more difficult to do M. 82 00:04:02,960 --> 00:04:03,480 Speaker 1: And A today. 83 00:04:03,680 --> 00:04:06,880 Speaker 4: And look, I'm hoping that we'll reach an equilibrium here 84 00:04:06,920 --> 00:04:10,440 Speaker 4: on the terriff issue soon so that CEOs and capital 85 00:04:10,480 --> 00:04:12,600 Speaker 4: providers can kind of gear into what that new world 86 00:04:12,600 --> 00:04:15,280 Speaker 4: looks like, and so you know that uncertainty comes out 87 00:04:15,280 --> 00:04:16,719 Speaker 4: of their thought process. 88 00:04:16,760 --> 00:04:18,880 Speaker 3: I hear a lot from deal makers that there's this 89 00:04:18,960 --> 00:04:21,840 Speaker 3: pen dep energy under the surface for some people who'ven 90 00:04:21,920 --> 00:04:24,120 Speaker 3: record pipelines, what does that look like. 91 00:04:24,640 --> 00:04:26,920 Speaker 4: Look, we're seeing it in our business. We're at our 92 00:04:26,960 --> 00:04:29,440 Speaker 4: near record highs as well. When you talk to our bankers, 93 00:04:29,520 --> 00:04:33,520 Speaker 4: there's activity all across the firm. There's lots of client dialogue. 94 00:04:33,520 --> 00:04:37,279 Speaker 4: And I agree with you. I think clients, private equity clients, 95 00:04:37,320 --> 00:04:40,880 Speaker 4: corporate clients really do want to do transactions. They see 96 00:04:40,880 --> 00:04:45,480 Speaker 4: transactions as a useful tool to supercharge growth, to get efficiencies, 97 00:04:45,480 --> 00:04:48,400 Speaker 4: to improve their market positions, and to deal with innovation. 98 00:04:48,640 --> 00:04:51,839 Speaker 4: You know, we have a massive wave coming in terms 99 00:04:51,880 --> 00:04:54,200 Speaker 4: of the impact on things like AI and our economy, 100 00:04:54,440 --> 00:04:56,599 Speaker 4: and people want to be well positioned for that. 101 00:04:57,279 --> 00:05:00,360 Speaker 3: Now, M and A this year isn't what everybody hoped 102 00:05:00,360 --> 00:05:03,479 Speaker 3: it would be. But you yourself have been on transformative 103 00:05:03,520 --> 00:05:07,159 Speaker 3: transactions for example, paramounts guidance is when I know that 104 00:05:07,200 --> 00:05:09,800 Speaker 3: you've been involved in, what does the deal activity that 105 00:05:09,839 --> 00:05:13,080 Speaker 3: we've seen so far say about the deal activity that 106 00:05:13,200 --> 00:05:14,279 Speaker 3: might still be to come. 107 00:05:14,880 --> 00:05:16,440 Speaker 4: Look, as I said, I think there's just a lot 108 00:05:16,440 --> 00:05:20,400 Speaker 4: of demand to do transactions. The environment hopefully will get 109 00:05:20,440 --> 00:05:23,360 Speaker 4: more conducive to doing even more and having a wider 110 00:05:23,400 --> 00:05:26,640 Speaker 4: aperture on the kinds of transactions that could happen. Again, 111 00:05:26,800 --> 00:05:28,560 Speaker 4: hard to predict all of those things, But what I 112 00:05:28,560 --> 00:05:31,279 Speaker 4: can tell you in our conversations are people want to transact, 113 00:05:31,320 --> 00:05:33,880 Speaker 4: they want to lean into deals. There's lots of capital 114 00:05:33,920 --> 00:05:36,680 Speaker 4: available to do that, and is if the conditions improve, 115 00:05:37,040 --> 00:05:38,680 Speaker 4: I think you're going to see a big pickup in 116 00:05:38,839 --> 00:05:40,440 Speaker 4: announced transaction activity. 117 00:05:40,480 --> 00:05:43,719 Speaker 3: What about restructuring activity in particular, you see kind of 118 00:05:43,720 --> 00:05:46,040 Speaker 3: both sides of the economy in that way. When things 119 00:05:46,080 --> 00:05:48,040 Speaker 3: go well, people might want to do deals. When things 120 00:05:48,080 --> 00:05:50,520 Speaker 3: go wrong, they might have to look at either restructuring 121 00:05:50,600 --> 00:05:54,800 Speaker 3: or even bankruptcies. Do you see any trouble under the surface. 122 00:05:55,320 --> 00:05:58,320 Speaker 4: Look, we have a top franchise in this part of 123 00:05:58,360 --> 00:06:03,000 Speaker 4: the world restructuring, liability management, capital solutions. There's generally a 124 00:06:03,000 --> 00:06:05,560 Speaker 4: pretty steady stream of activity in that space if you 125 00:06:05,600 --> 00:06:08,880 Speaker 4: have a top franchise. Clearly there are spikes when you 126 00:06:08,920 --> 00:06:13,520 Speaker 4: get periods of economic turmoil or turmoil in. 127 00:06:13,480 --> 00:06:15,240 Speaker 1: Industries or high default rates. 128 00:06:15,279 --> 00:06:18,200 Speaker 4: We're not in one of those periods today, but generally 129 00:06:18,240 --> 00:06:22,000 Speaker 4: there are companies that need solutions either too over levered 130 00:06:22,000 --> 00:06:25,479 Speaker 4: balance sheets. We had a bunch of over levered balance 131 00:06:25,480 --> 00:06:28,920 Speaker 4: sheets created post COVID. A lot of the work that 132 00:06:28,960 --> 00:06:30,600 Speaker 4: our teams have been doing over the last couple of 133 00:06:30,680 --> 00:06:34,080 Speaker 4: years has been dealing with pushing out maturities and giving 134 00:06:34,080 --> 00:06:35,080 Speaker 4: companies more breathing room. 135 00:06:35,200 --> 00:06:36,680 Speaker 3: And for the people who don't know, you were a 136 00:06:36,800 --> 00:06:39,880 Speaker 3: huge part of what had pushed Molism Company into private 137 00:06:39,880 --> 00:06:43,520 Speaker 3: capital in a bigger way. A big part of advisory 138 00:06:43,520 --> 00:06:46,840 Speaker 3: work during COVID era of financings when private capitals stepped 139 00:06:46,839 --> 00:06:50,880 Speaker 3: in to help companies out. Is this anything like COVID? 140 00:06:51,000 --> 00:06:53,320 Speaker 3: Are there echoes of it where you could see private 141 00:06:53,320 --> 00:06:55,480 Speaker 3: capital step in for big rescue financings. 142 00:06:55,680 --> 00:06:57,760 Speaker 4: Look, one of the big revolutions that I've seen over 143 00:06:57,800 --> 00:07:01,760 Speaker 4: the last ten years is just the huge number of 144 00:07:02,040 --> 00:07:05,720 Speaker 4: alternative asset managers who are they're raising big pools of money, 145 00:07:06,040 --> 00:07:08,920 Speaker 4: very flexible pools of money to invest up and down 146 00:07:08,920 --> 00:07:09,840 Speaker 4: the capital structure. 147 00:07:10,480 --> 00:07:12,920 Speaker 1: We welcome that. We think that's great for the economy. 148 00:07:12,960 --> 00:07:14,960 Speaker 4: It's great for business, and it's great for firms like 149 00:07:15,000 --> 00:07:18,200 Speaker 4: ours because there's now many more sources of money and 150 00:07:19,080 --> 00:07:21,840 Speaker 4: we're there to help advise clients tap into those sources 151 00:07:21,840 --> 00:07:22,280 Speaker 4: of money. 152 00:07:22,760 --> 00:07:25,640 Speaker 3: You know, another interesting thing about your focus is here 153 00:07:25,720 --> 00:07:29,120 Speaker 3: on structuring m and A private capital is that it's 154 00:07:29,160 --> 00:07:32,680 Speaker 3: also taking you into new areas, and you've hired during 155 00:07:32,800 --> 00:07:36,720 Speaker 3: times of frankly crisis. For others, you hired from credit suites. 156 00:07:36,760 --> 00:07:39,880 Speaker 3: You're hired out of Silicon Valley Bank's demise as well. 157 00:07:40,160 --> 00:07:42,600 Speaker 3: And now is another moment where global banks are in 158 00:07:42,640 --> 00:07:45,880 Speaker 3: the process of cutting hundreds of jobs. Do you see 159 00:07:45,880 --> 00:07:47,320 Speaker 3: an opportunity to bring people on. 160 00:07:48,000 --> 00:07:51,000 Speaker 4: Look, one of the foundational philosophies that we've had from 161 00:07:51,040 --> 00:07:55,360 Speaker 4: the beginning is to be opportunistic and to hire great 162 00:07:55,400 --> 00:07:58,000 Speaker 4: talent even when times were a little murky. So the 163 00:07:58,040 --> 00:08:02,600 Speaker 4: firm was really built through the global financial crisis. We've 164 00:08:02,640 --> 00:08:05,880 Speaker 4: generally been contrarian. When talent is available, even if it's 165 00:08:05,920 --> 00:08:08,760 Speaker 4: not the best market, you have to seize that opportunity. 166 00:08:08,840 --> 00:08:10,720 Speaker 4: It's one of the reasons why we keep a pristine 167 00:08:10,760 --> 00:08:13,160 Speaker 4: balance sheet to give us the financial flexibility to do that. 168 00:08:13,720 --> 00:08:16,320 Speaker 4: And yet, and yes, once again when the regional banking 169 00:08:16,320 --> 00:08:19,040 Speaker 4: crisis hit, we use that as an opportunity to really 170 00:08:19,080 --> 00:08:21,920 Speaker 4: bulk up and hire teams in technology and an oil 171 00:08:21,960 --> 00:08:25,280 Speaker 4: and gas. And we're doing that again now with the 172 00:08:25,320 --> 00:08:30,440 Speaker 4: build we have in a business we're calling PSA Private 173 00:08:30,480 --> 00:08:33,600 Speaker 4: Solutions for the private equity world. 174 00:08:33,880 --> 00:08:35,840 Speaker 3: So what does that mean in terms of the new 175 00:08:35,880 --> 00:08:37,840 Speaker 3: teams you're willing to bring on at MOLUS. 176 00:08:37,920 --> 00:08:41,079 Speaker 4: Yeah, well, look, we've made some major hires in this space. 177 00:08:41,480 --> 00:08:43,200 Speaker 1: You know, private equity firms have evolved. 178 00:08:43,440 --> 00:08:45,760 Speaker 4: We've always been in the business of buying and selling 179 00:08:45,800 --> 00:08:49,520 Speaker 4: companies to and from private equity firms, but now we're 180 00:08:49,520 --> 00:08:51,440 Speaker 4: getting into the business in a big way in terms 181 00:08:51,480 --> 00:08:55,600 Speaker 4: of primary fundraising for their vehicles and then as well 182 00:08:55,640 --> 00:08:58,840 Speaker 4: as also being able to service them in GP LED secondaries, 183 00:08:58,920 --> 00:09:02,559 Speaker 4: LP LED secondary continuation vehicles. You know, those are major 184 00:09:02,640 --> 00:09:05,600 Speaker 4: growth areas for US, major market opportunities for US, and 185 00:09:05,640 --> 00:09:08,520 Speaker 4: the recent hires we've announced will enable us to have 186 00:09:08,559 --> 00:09:10,360 Speaker 4: a top franchise in those areas, we hope. 187 00:09:10,400 --> 00:09:13,120 Speaker 3: You know, another really interesting area that Molis has really 188 00:09:13,200 --> 00:09:17,559 Speaker 3: been forging into a sports You yourself have been personally 189 00:09:17,559 --> 00:09:20,000 Speaker 3: involved in the stake sale that is ongoing of the 190 00:09:20,000 --> 00:09:22,520 Speaker 3: New York Giants as well as the Phoenix Suns in 191 00:09:23,160 --> 00:09:26,960 Speaker 3: recent years. So how big of an opportunity is this company? 192 00:09:27,000 --> 00:09:29,360 Speaker 3: Why you yourself have been on deals, But is this 193 00:09:29,400 --> 00:09:31,480 Speaker 3: something that is going to be a massive area for MOLAS. 194 00:09:31,800 --> 00:09:35,560 Speaker 4: We have a major effort in a big franchise in sports. 195 00:09:36,320 --> 00:09:39,360 Speaker 4: There's the velocity of transactions has really been astounding, not 196 00:09:39,559 --> 00:09:42,840 Speaker 4: just with teams, but also in the ecosystem of sports 197 00:09:43,520 --> 00:09:46,319 Speaker 4: companies that are providing services into the sports space, whether 198 00:09:46,360 --> 00:09:50,560 Speaker 4: that's sports betting or facilities management and things of that nature. 199 00:09:51,920 --> 00:09:55,679 Speaker 4: You're right, we've been lucky to work on some landmark transactions. 200 00:09:55,720 --> 00:09:58,000 Speaker 4: I spend a lot of time on it myself. And 201 00:09:58,520 --> 00:10:01,240 Speaker 4: one of the things that's driving a lot of the 202 00:10:01,840 --> 00:10:04,559 Speaker 4: number of transactions is not just the increase in valuations, 203 00:10:04,600 --> 00:10:06,760 Speaker 4: but these big pools of money, many of which are 204 00:10:06,760 --> 00:10:10,640 Speaker 4: private equity focused, that understand that sports is a beautiful 205 00:10:10,640 --> 00:10:13,440 Speaker 4: way to invest in non correlated growth assets. And so 206 00:10:13,440 --> 00:10:16,000 Speaker 4: we're seeing a lot of money flocked to the space, 207 00:10:16,280 --> 00:10:18,960 Speaker 4: and we're there to hopefully help put transactions together for 208 00:10:18,960 --> 00:10:19,360 Speaker 4: our clients. 209 00:10:19,400 --> 00:10:21,920 Speaker 3: It's certainly been a very interesting one to watch now. 210 00:10:22,120 --> 00:10:24,560 Speaker 3: Almost a decade ago, I wrote a story for Bloomberg 211 00:10:24,559 --> 00:10:27,960 Speaker 3: BusinessWeek called how to Automate an Investment Banker. At that time, 212 00:10:28,000 --> 00:10:30,760 Speaker 3: I talked to your firm about what's possible and what's 213 00:10:30,800 --> 00:10:33,600 Speaker 3: not possible, And at that time there are some things possible, 214 00:10:33,600 --> 00:10:34,440 Speaker 3: but a lot that was not. 215 00:10:35,000 --> 00:10:36,000 Speaker 1: How far have we come? 216 00:10:36,120 --> 00:10:39,040 Speaker 3: What role is AI going to be? As you start 217 00:10:39,080 --> 00:10:41,840 Speaker 3: to let's say build out Molus two point zero. 218 00:10:42,840 --> 00:10:45,040 Speaker 4: Look, it's very critical for us to being on the 219 00:10:45,040 --> 00:10:48,360 Speaker 4: cutting edge of technology and innovate and to adopt technologies 220 00:10:48,360 --> 00:10:51,600 Speaker 4: that will help us serve our clients. AI has massive 221 00:10:51,600 --> 00:10:54,960 Speaker 4: potential to help us be more efficient. 222 00:10:55,120 --> 00:10:56,439 Speaker 1: It has massive potential to. 223 00:10:56,400 --> 00:11:01,040 Speaker 4: Give us tools to be able to present better ideas 224 00:11:01,040 --> 00:11:03,160 Speaker 4: to our clients and to help us execute those ideas 225 00:11:03,160 --> 00:11:05,280 Speaker 4: on their behalf. Again, it's all about the clients, and 226 00:11:05,720 --> 00:11:07,679 Speaker 4: you know, one of the things I'm excited about is 227 00:11:07,880 --> 00:11:11,480 Speaker 4: to make sure within our organization we're staying on our 228 00:11:11,520 --> 00:11:14,760 Speaker 4: front foot to incorporate those tools in our work to 229 00:11:14,800 --> 00:11:17,640 Speaker 4: make sure that we're doing the very best job, you know, 230 00:11:18,280 --> 00:11:20,080 Speaker 4: servicing our client base. 231 00:11:20,720 --> 00:11:22,600 Speaker 3: Navid, we thank you so much for joining us here today. 232 00:11:22,640 --> 00:11:25,320 Speaker 3: That is, of course Navin Momus out again of a 233 00:11:25,360 --> 00:11:28,559 Speaker 3: Molism company. The incoming CEO Scarlett in his first interview 234 00:11:28,800 --> 00:11:30,360 Speaker 3: since their role was announced. 235 00:11:30,520 --> 00:11:33,000 Speaker 2: Thank you Schnoli Bask for that exclusive interview.