Why keep ex CEO on the board. Depends on the person but most would not support the person that replaced them.
For anyone that hasn't heard Quarterly call with JW here it is:
December 2018 Quarterly Conference Call
29 January 2019 - Managing Director & CEO: John Welborn
http://www.openbriefing.com/OB/3239.aspx
This is only in my opinion, not offered or to be taken as financial advice, DYOR
Ann: Change in substantial holding, page-13
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