Quantum finds itself leaping from exec to exec, striving to put right what once went wrong and hoping each time that the next leap... will be the leap to success.
Sickly scale-out storage biz Quantum has hired Jamie Lerner as CEO and president, replacing interim head and new CFO Michael Dodson, who in May replaced Patrick Dennis, who replaced Adalio Sanchez, who replaced Jon Gacek in January. Phew. Quantum must be praying for stability in the C-suite after this episode. Dodson was …
This reminds me of a situation I'd seen a few years ago:
1. Company Board of Directors hires new CEO
2. Board insists new CEO sign off on moving the Company's proprietary manufacturing process from U.S. to China
3. New CEO points out the Chinese firm they want is notorious for using bribes to steal trade secrets, and deal is structured so that CEO is 100% legally liable
4. Board demands CEO sign off, CEO refuses.
5. CEO resigns/fired
6. Goto 1
This company went through new CEOs every two or three months.
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