new investments- restructure of say board

SUBSTANTIAL SHAREHOLDER STEPS DOWN
Restructure of SAY Board
South American Iron & Steel Corporation Limited (ASX: SAY) (?the Company?) announces that Mr. Franco Belli has resigned from the Board of Directors of the Company. Mr. Belli will make himself available to the Company on a needs basis.
Dr. Richard Haren has stepped down as Chief Executive Officer and Managing Director and will remain as a Non-Executive Director of the Company.
Mr. Kenneth Lee has been appointed as Acting Chief Executive Officer of the Company.
The Board is currently reviewing a number of candidates, with the appropriate experience, to strengthen both the Board and the management team.
The current Board members are: Mr. Cuthbertson (Non-Executive Chairman); Dr. Haren (Non-Executive Director); and Mr. Kenneth Lee (Executive Director).
Yours faithfully,
Terry Cuthbertson
Chairman
Why would this occur when the option for the Quincey Iron Ore project is at hand?I think we can see the SBN makeover in progress