he was Managing Director (does that make a diff to your ball...

he was Managing Director (does that make a diff to your ball game?) - even tho that was not mentioned in this anno - so what about that is now "redundant"? given he's continuing on in the executive role through the transition? just a strangely worded announcement of a "resignation" ...
There are almost no Board ejections announced as ejections, as it's a more graceful thing to resign you'd choose that and retain professional dignity. the "rummin and lassin" comment is about the pirates left in charge of the ship and looking to sell bits of it off and re-fit it with cobalt-lithium-scandium-graphene sails, Internet of Things roflcopter levitation rotors, and an Artificial Intelligence Service-as-a-Service 3D printed titanium robot to navigate the Cloud-based blue sky!