Mr. Phil Meaney:

I wrote to the Department on behalf of the board seeking an extension of the CEO’s contract. With the help of an external facilitator we had put a strategic plan in place. Any strategic plan in any organisation is very much based on the CEO. We felt it was prudent to maintain the CEO to deliver that strategic plan. Parallel to that, he was the project manager on commingling and certain other things that we felt would lose momentum if we did not maintain the CEO for a period. As it happened, his extension was granted but he did not accept it and we have moved on.