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Famous Dave's of America Inc. Message Board

  • rantoul24 rantoul24 Sep 12, 2008 3:05 PM Flag

    Insight into CEO departure

    Why did the CEO leave after 6 months? Company relates the departure to family reasons. Seems dubious that a CEO wouldn't have worked out the family issues before agreeing to committing to work for a new company at a new location. Six months ago, why wouldn't the Board have chosen the now appointed internal employee? What initiatives did the short-term now departed CEO implement? Thanks in advance.

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    • Who knows, but I think this is the board's company. The CEO doesn't walk on water at Dave's like he/she does at other companies in the United States. Maybe they were butting heads.

      That's fine with me. I also like the fact that the new guy is from Operations. Should have a good feel for what works and what doesn't.

      • 1 Reply to Spaldo44
      • I conquer that the Board is showing active oversight with influence on this company, as it should. It concerns that the Company has released only limited information on the cause of the change. I hope for more explanation in the weeks ahead, some direct comments from the new CEO. The change didn't go unnoticed, today's volume above the average.

 
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