Management Turnover as Change Agent

Tuesday, July 24, 2007

CEO Revolving Door at SM and A

Michelle Leder's latest entry into her Footnoted blog is worth a read. She focuses on the recent CEO drama at SM and A WINS (NASDAQ), a provider of business strategy and proposal development services. The company announced on July 19th that its Board of Directors entered into a multi-year agreement with Cathy McCarthy to become President & CEO of the company effective immediately. McCarthy's appointment follows Cynthia A. Davis' resignation from the Company as well as its Board of Directors, which was accepted a day earlier. Ms. Davis had served as CEO since April 2007. Ms. McCarthy was previously President and Chief Operating Officer of the Company. Obviously there is more here.

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