Promethean Suffering Losses, CEO Steps Down
Amid news that the Blackburn, England-based interactive whiteboard company Promethean World has suffered a 22 percent loss in revenue over the past six months, the company's chief executive officer, Jean-Yves Charlier, has announced that he will step down in October.
Jim Marshall, current head of North American markets for the company, will take over Charlier's position as CEO. According to Insider Media, the company has announced that it will reduce its operating base by up to 25 percent from 2011 levels to compensate for the loss in revenue.
My colleague Ian Quillen recently wrote a story examining the whiteboard marketplace and spoke with Jim Marshall about Promethean's plans to stay relevant in the age of tablet computing. Check out his story for lots of relevant background to today's events.