You left Lake suddenly. Was it an abrupt decision?“I didn’t want to leave; the board wanted a CEO transition,” Promnitz says.“There was a broad feeling that as the company grew, Lake would need an operational CEO and a new board.”
“I had expected the CEO transition would logically occur post financial close and post DFS.”
“The board decided that they wanted a new CEO sooner. They advised me at the end of May that they wanted it announced by the end of June.”
Puts the FUD of CEO doing a runner & dumping all his shares to bed!
Ann: Strategic Investment and Offtake Agreement with WMC Energy, page-304
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