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andracorr, what do you mean by "all the new management"? So far all we have got is a new Group CEO, CFO, and head of the service section. Now an additional board member who will no doubt get a fee for his service. In my humble opinion there is insufficient change in management to make much of a difference let alone change the culture of this company. The structure of the board remains the same except for the addition of the Lazard representative. Does Richard Turchini have any actual board experience? At a time when the company is doing it tough surely nothing less than a very experienced board member should be appointed and to cut costs he or she should be replacing one of the under achieving members of the current board.