Coal,
Actually it may be as simple as offering Mr. Ingala a seat on the board and some equity. This way he is not entitled to any "employment" agreement, does get to participate and counsel in the new entity.
As for shares in BIHC, I wouldn't think those would need to be sold and probably can't within a time frame, so they get to keep those and try again with Mr. Galo.
I've seen this scenario happen a lot.