Latch CFO Is Out, COO Removed As Executive Officer
***** *** * ***** ********** ********, following *** *******'* ***** ******* **%+ since ******** ** ***** **** ****.
*** *******'* *** ** ******* *** the *** ** ***** ******* ** an ********* *******.
**** **** ** **** ****, ***** was * *** *******,******* ** * $*.* ******* *********, *** *** ************* ** ******* *** ******** * $166 ******* **** *** **** ******** ************* **** ***** "*** ****" ******** revenue.
****** **** ****, ** ******* *** departures, *** ** **, *** **** this **** ***** *** *******'* ******** and *********.
Out / *******
********** ***** ** *-* **** *** SEC ***** ************* *******. ********* *** ******* ********* changes *** *** * *** *********** executives:
** ***** **, **** (*** “********* Date”), *****, ***. (*** “*******”) ******** ********, ***** ********* ******* *** *********,reached ** ********* to enable Mr. Mitchell to transition *** ** the Company to pursue other opportunities
** ***** **, ****, *** ******* and*** *******, ***** ********* *******,reached ** ************* that Mr. Hussain would cease ** ***** as the Company’s principal operating officer and as an “executive *******” of the Company [emphasis added]
*** *** ******* ** ***************, *** last **** ** ********** ** ** 6 *****.
*** *** ****** ** **** *******. The *** **** ** **** *** title ** "***" *** *** **************** will ****** ** **** ************ *** functions, **** ** "******* ********, ********* initiatives, *&* *********** *** ****-**** ********".
**********,***** ************ *******'* ****:
** **** ** *** *****, **********, People ***, *** ******** ********** *************, Ali ******* *** ******** *****’* ******** strategy
CEO **** *** ****************
**********, *** *** ** *********** ******** the *** ** ****:
**** ************, *** *******’* ***** ********* ******* and ******** ** *** *****, **** assume **. *******’* ***** ****** *** serve ** *** *******’* ********* ********* officer.
*** ******* ** ********* ****** ******* on *** ***.
Execution ************
** ********* ***** **** ** ***** moves ******** ** ***** ********* ** investors **** **** **** **** ********* improvements ** **** **** *** ******* problems **** **** *********** ** *** less **** *** **** **** **** been ******** ******.
No *** *** *********
********** *-******* ***** ************ *** ******* ** * *** COO ***** *****. **** ** ******** surprising ** *** ******** ****** ********* often **** ** *** ** *********** operations ****** ** ****** *** **** greater ************ ******** ** ***** ******.
New *** ******
** ********, ***** ************ **** *** looking *** * *** ***:
*** ******* *** ******* ***** * search ******* *** * *** *** to ******* *****’* ********* ******.
*** ******* *** *** **** ***** when **** ****** *******, ****** **** now **** ** ******* ***,***** ************ *** ***** **** **** ** SVP ******* *** *** *********** ********** at * ****** ** ******** **** companies **********.
Execution ** ******** ********
******* ********* ** *** ******* ******* for *** *******, ** *** *** certain. *******, ********* *** ******* *** (1) ********* ** (*) ******** ********. It ** ****** ** ****** *** CFO *** *** **** ** ***** the *** *******, *** ** *** face *** "******" ** *** *******.
CEO ********
*******, **** **** **** **** ******** on *** ***. *** **** *** picks *** *** *** *** *** removed, ** ******** ********, ** ** more ****** *** ***** **** ** placed ** *** ***, ********** ***** the *** ** ********* ******** *** COO's ****** ***.
Tough ********** ** *********
**** * **** ***, *** *** committed ** *** ********* ****** **** revenue ***********:
**** ****** ******* ****** ** ** $41 ****** **** $** ******* *** this ****, *** ******** ********** *** to **** **** ****** *******.
*********, **** * ******* ***** ** grow ** **** * ****, ********* precision ** *** *** *** ****** problem *** **** ** *** ******** of ******* **** ******* ** **** type ** ******.
Vote / ****
******* ***** **** ********* ****** **** misses *** **** = **** *** CFO *** ***..****** **** ** **** the *** ** ******. ***** *** the ***** **** ***** **** *** go ****** *** **** *** *****.
**** *******'* ********, *******, *** ******* suck. ** **** ****'* **** ********* from ******** *********** ********* ****'* ** a ******* **** ** *** ****** already. *** ***** **** **** *** work ********.
"****** *******" -> ******** ****?