If he let the CEO and Chairman influence him down a high risk financial path where they had no control over the sale price of the commodity they were expanding into then he lacks the balls and spine to have ever been made CFO.
That being the case who ever the people were who approved his appointment wear some of the responsibility. I'm sure they're a number of people on the Board who were responsible for strategy, commercial and legal risk, etc. They have to go asap as well in my opinion, prior to the company trading again if that eventuates.
