The entire senior exec roster of major Aussie sell-through homevid distrib CEL suddenly ankled May 3 following apparently premature moves toward staging a management buyout. Management of parent company Pro-image (in receivership) hadn’t been consulted, per m.d. Les Lithgow. Neither had the comany’s receiver/manager.
Resignations came from m.d. Karl O’Farrell and general managers Irene Taylor and Karen Clark, plus other senior management. Replacements are being sought immediately.