Huntsman Exploration Inc BBBMF

ok!.. have a question that i could use some help with

[gemsearcher2]

Does anyone know the procedure for removing a ceo and president?
In this case there was Peter Dickie who was both president and CEO..
(Isn't it structurally better to have 2 seperate people fill these 2 positions? i would think so)

But there are also another 3 Directors that make up the complete maganment team (McCallum,Tribble and Ross).

So my question is: can the directors overthrow a ceo and president/director if they want him out?

Who else could make the decision to oust Peter and bring in Scott Patrizi?
Obviously Peter is not going to resign himself just to let someone else take over his position would he? Not unless he was well compensated i would think).

Just trying to get some understanding here !
thanks! gs2

[Schreibzey]

The way I understand from Peters briefing is that there is a NA geological team and another Aussie team. Almost seems like double or nothing might work as you mentioned. A spin out would be great but nothing is proven yet.  I would say I don't really think a CEO can be ousted without a shareholder vote. Believe the wording was that he resigned. What's odd about that is, Peter came

[gemsearcher2]

oh great!.. thanks for explaining some of that .. Ok.. i did wonder about ousting a ceo or president and yes.. i am sure you are correct about needing a shareholder vote. There must have been some things going on we probably never will know about but i am also looking foreward to find out what lies ahead. It will be intersting now to see what new leadership brings to the table but i suspect we