By separating the CEO and chairman roles the company presumably tries to appease investor concerns about a lack of oversight and Bob Ingram has an excellent reputation. So this is a good move as well.
The audit committee of the board and the full board have reviewed the companys accounting with the Philidor relationship and have confirmed the appropriateness of the companys revenue recognition and accounting treatment, Bob Ingram, interim board chairman, said in an October conference call.
Date: Feb 24, 2016
Category: Business
Source: Google
Valeant Ex-CFO Schiller Named Interim CEO With Pearson Ill
Schiller will be interim CEO, while Bob Ingram will become interim chairman, also replacing Pearson, Valeant said in a statement. Pearson is on medical leave, and the timing of his return remains uncertain, said the drugmaker, which initially disclosed his hospitalization on Christmas Day.
Royalty a New York-based private investment management firm said it had contacted Elan via chairman Bob Ingram last Monday, Feb 18, and followed it up with a meeting two days later where it put forward its $11 per share proposal to buy Elan.
Entrepreneur at Send Out Cards I have a passion for marketing and have worked in sales/marketing my entire career. Co-authored two books on marketing and give seminars to businessowners in... I have a passion for marketing and have worked in sales/marketing my entire career. Co-authored two books on marketing and give seminars to businessowners in Pacific Northwest.