I wouldn't count the interim CEO in that group and Buckley was retiring. Basically from my perspective the old board inherited a company with serious structural issues as well as some very poor aquisitions. They twice appointed inexperienced CEO's (1st timers). They need someone with a proven record at the top of a people business, Technical Services firm. The New Owners have made a terrible aquisition themselves, without fully comprehending the issues and the entire company is back to where it was 2 yrs ago. On the upside is there any plausible way there could be any further bad news?
In my view the Crescent board hasn't brought anything to the table and they backed Wankmullers strategy, which by the way was ok. But he never seemed to implement it. Will it take another 6 months to find a CEO? Board Members involving themselves in the operations of the firm is a recipe for disaster. If those guys are running the business, who is doing the job of the board?
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I wouldn't count the interim CEO in that group and Buckley was...
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