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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (25407)	9/10/2016 12:29:33 AM
From: Steve Felix	Respond to of 34328

Looking around a little at the former TIS CFO: Maybe he got an offer he couldn't refuse, or maybe it is family, but anyway, I can't find a reason for his leaving. Looks like the place he is now makes two brands of cheap cigarettes in different models. Weird. xcaliberinternational.com Well, this didn't work out so well on such short notice: "Schroeder will remain with the Company through July 8, 2016 to facilitate an orderly transition of his duties." From LinkedIn: Chief Financial Officer XCaliber International, LLCJuly 2016 – Present (3 months)Tulsa, OK CFO Orchids Paper Products CompanyJanuary 2002 – July 2016 (14 years 7 months) Corporate Finance Director - Tissue Operations Kruger, Inc.October 2000 – December 2001 (1 year 3 months) Vice President of Finance Global TissueApril 1996 – October 2000 (4 years 7 months) Various Finance and Accounting Positions CumminsApril 1989 – April 1996 (7 years 1 month) ______________________________________________________________________________ Orchids CFO Keith Schroeder leaves at short notice — Unsung departure June 15, 2016 management-change.com (management-change.com) – Pryor, Oklahoma, June 14, 2016 – It is an unsung departure. Keith Schroeder (59), finance chief of Orchids Paper Products Company, leaves. It is a change at short notice. As announced by Orchids in a regulatory filing published on Tuesday, June 14, 2016, Keith R. Schroeder, Chief Financial Officer, leaves the tissue products maker in a surprising move after almost 15 years on the job, effective July 08, 2016. Orchids did not name a replacement. No reason given In the announcement, Orchids did not explain the reason for the imminent management change, leaving room for speculation. Orchids said: “Keith R. Schroeder, Chief Financial Officer and Secretary of the Company, will be resigning from the Company effective July 8, 2016.” “Not the result of any dispute” “Mr. Schroeder’s decision to leave the Company was not the result of any dispute or disagreements with the Company on any matter relating to the Company’s operations, policies or practices,” Orchids said. Information about the future plans of Schroeder was not immediately available. Alarm signal Generally speaking, it is often a danger signal for stockholders when a top manager leaves the post at short notice and without a reasonable explanation. Chaired by Steven Berlin Orchids is chaired by Steven R. Berlin. Berlin has served on the board of directors since December 2005. Jeffrey S. Schoen was appointed President and Chief Executive Officer of Orchids Paper Products in November 2013. On the job since 2002 Keith R. Schroeder has been the Chief Financial Officer of Orchids Paper Products Company since January 2002. Schroeder will remain with the Company through July 8, 2016 to facilitate an orderly transition of his duties. Prior to joining Orchids, he was Corporate Finance Director for Kruger Inc.’s tissue operations and Vice President of Finance and Treasurer of Global Tissue (Global was acquired by Kruger). Schroeder also held a number of finance and accounting positions with Cummins Engine Company and Atlas Van Lines. He is a Certified Public Accountant. Push factors It is not completely certain whether Keith R. Schroeder eventually decided entirely on his own initiative to leave, was seen to the door or saw himself forced to leave. The evidence available indicates that … *Read the full story in the management-change.com report ($).* *https://management-change.com/orchids-cfo-keith-schroeder-leaves-at-short-notice-unsung-departure-2/4629*