Ann: Interim CEO, page-10

Against the background of key management changes, a second change is not positive, with long term executive Andre Cuenin resigning to take up a role at another company in the U.S. He has been with IRI for over 10 years and been the President of Americas & Global Alliances for the IR U.S subsidiary. The US divisions have been a consistent growth engine for IRI. This announcement does raise additional questions, such as does the departure potentially flag an under performance for the key segment for IRI? This would be in contrary to managements assurance that the pipeline for sales is stronger than the same period last year, with December being a crucial sales month.
Andre has been the 2nd highest compensated executive at IRI over the past couple of years. Andre is / was key member of the leadership team that create a very large experience vacuum in the immediate period.
Regardless of the longer term outlook, uncertainty around management could see further weakness in the IRI share price. The uncertainty around management raises the question of whether IRI will achieve its growth targets.