I've been in situations like this before, CEO will step down to President or head to the board. New CEO is most likely chosen to increase shareholder faith and bring the company to new highs. I assume a candidate who's worked in this sector for a while with success.
Mike lazaridis did this exact thing with Blackberry and a family friend (fathers linked in Y.P.O) jim balsillie took over as CEO. For a time, shareholders became quite excited.
Great news. We'll know shortly with FINRA, but all seems good.
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