VIQ Solutions Inc T.VQS

What Perplexity Ai says:

[prophetoffactz]

You're correct in noting that companies typically announce their plans to hire an executive search firm or initiate a replacement process when a high-level executive like a President and COO retires. However, VIQ Solutions has not mentioned any such plans in their announcement

1

6

.The lack of information about a replacement process could indeed suggest several possibilities:

1. Cost-saving measure: The company might be considering restructuring or consolidating roles to reduce expenses.
2. Potential sale: The absence of a replacement plan could indicate that the company is preparing for a possible sale or merger.
3. Internal succession: VIQ may have an internal candidate in mind and doesn't require an external search.
4. Delayed announcement: The company might announce their search plans separately in the near future.

It's noteworthy that Susan Sumner will continue as a part-time advisor only until January 31, 2025, which is a relatively short transition period

1

. This brief advisory role and her imminent resignation from the Board of Directors suggest that her involvement in the company's immediate future will be limited.The absence of information about a search process and the short transition period are unusual for such a high-level position. This could indicate that VIQ Solutions is undergoing significant changes, whether in terms of restructuring, potential sale, or a shift in strategic direction. However, without further information from the company, it's difficult to determine the exact reasons behind this approach to Ms. Sumner's retirement and succession.