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New president appointed/ former CEO let go

The board of directors elected Sepp Leiser as new president and temporarily acting CEO. They also terminated the contract of the now former Glazial CEO and President Laurent Oprescu in his continuing absence.

The reasons for terminating Laurent Oprescu’s are not limited to his sudden vanishing. As heir, controlling shareholder, CEO and president, Mr Oprescu made some questionable decisions, such as selling off almost all assets of the firm, leaving only its holding structure. While he initiated several mergers, it is unclear whether they will conclude, given the current state of the company.

A new CEO will be found as quickly as possible.

 

Aug 21, 2014