RE:RE:Getting CloserI see the current CEO search is another example of the existing Board falling short. The search was announced in February and a four month turnaround is not unreasonable, but the wording of the announcement so early in the search process raised expectations of news much earlier than will transpire to be the case. This will likely delay the release of the FS whilst the new CEO gets up to speed.
I think it would undermine the new CEO if other board members were appointed before his approval, and so the statement that "Atlas would be taking immediate and near terms steps to further strengthen its overall team" was again ill thought out.
But we agree. There has to be a process to finally get to a proper functioning and respected management team and this should be the start.