Replies to post #82475 on Electronic Cigarettes International Group Ltd fka

[Bjdev89]

I doubt the "market" even knows ecig has a cfo. Lol

[was CUIN2]

Phil was never a board member.

[Full Contact Yoga]

Phil was placed in his position as a result of the Pinnacle loans, not necessarily by choice, but necessity. Being able to phase him out should not be a negative IMO.

[Honeycomb777]

I hear Karp is nothing more than a bottom feeder !

[HighPeaks]

It looks like Phil will continue as CFO but perhaps not assume all the roles he was taking on initially( like treasurer etc) .
Here's a quote from the Q:

Effective January 16, 2016, we agreed to continue to pay Mr. Anderson’s annual base salary of $250,000 through May 16, 2016, with a reduction to $125,000 thereafter. Under this arrangement, Mr. Anderson continues to serve as our Chief Financial Officer with a primary focus on cash management and investor relations. Either party may elect to terminate this arrangement by providing at least 30 days’ notice before the expiration date on January 15, 2017; otherwise, the agreement is subject to automatic renewal for an additional period of one year.

That's seems like good news to me as he can focus on his role as CFO.