The chairman wrote in October that they were already addressing operational performance via programs guided by internal and recently introduced external expertise? What is the progress of these programs and why then is KPMG needed if external expertise were already introduced and the significant expense I would assume KPMG charge?
The global search seems over the top and again unecessary expense alongside KPMG.
The 125,000 payment for interim ceo may be par for the course for this arrangements but when a company has done nothing but incinerate shareholder value, it comes off as head in the clouds. Maybe a condition of it is purchase of Aurelia Shares, it would certainly be a first!
Great opportunity now for the Interim Ceo to prove the 'global talent search' is a waste of time and mark a path forward to getting Aurelia off the canvas.
Ann: Leadership Changes, page-22
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