ARTICLE | Finance
2d shoe falls
Karo Bio parts ways with CEO after board coup
May 30, 2011 7:00 AM UTC
Despite intimations from activist investor Lars Magnusson that the management of Karo Bio AB (SSE:KARO) would remain following this month's board coup, CEO Fredrik Lindgren departed last week.
Newly installed Chairman Goran Wessman said the "board and CEO were not working well together so the board decided it was best to part ways as conditions for continued cooperation were just too limited."...