Not scary. Operating company at PCT is too busy for him to do the day to day operations. That’s a good thing. He’s still part of the holding company.
On October 4, 2019, F. Jody Read stepped down from his position as Chief Executive Officer of the Registrant due to increased workload in the Registrant’s wholly-owned operating subsidiary. Mr. Read remains as a director and Chief Operating Officer of the Registrant.