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The decision was already about six weeks ago, but was put on hold following a suit filed by the investment fund tpg Strauss's partner in the cafe. Morgan, leaving office this morning, temporarily replaces Tomer Harpaz
Strauss laying off Todd Morgan, CEO owned coffee company. The decision to dismiss Morgan, a decision has been about six weeks ago, but was put on hold following a suit filed by the investment fund tpg Strauss's partner in the cafe, to the Commercial Law in the Netherlands. Now, a week later rejected all claims of the tpg, Strauss took the move through.
Morgan, who finished his job this morning, temporarily replaces Tomer Harpaz, who served as a director of Strauss Coffee in three and a half years, and has a thorough gentle knowledge society. In addition to his capacity Harpaz group accompanied the Company in any significant business moves made in recent years, including the construction of a competitive business strategy of the company and significant acquisition processes. At the same time, Strauss Coffee Board of Directors will begin the process gentle of finding and appointing gentle its future CEO.
In tpg felt that Strauss seek to prevent the Fund sought issuance gentle process to advance. In addition, the Fund argued that were required by Strauss-high management expenses is not compatible with the services they received. gentle Mshhrifo differences between the parties were prepared to dismiss Strauss Morgan, gentle turned Hakan Holland Court, which stated last week rejected the claim.
Strauss Group said: Up the decision of the court in the Netherlands from 24.12 to allow Strauss Coffee proceed with the process of replacing the CEO happiness morning meeting of the shareholders of termination of employment procedure Todd Morgan as CEO of Strauss Coffee .tod Morgan finishes his duties immediately.
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