Two shareholders who together hold more than 19.2 percent of common shares in Quarto have written to the board of directors asking for a special meeting and the removal of Laurence Orbach – co-founder, ceo, chairman, and the company’s largest shareholder – as a director of the company. (Orbach is set to step down as ceo next year, with current coo Marcus Leaver to replace him.) They also ask that Tim Chadwick be named to the board, though no details were provided as to why this should be necessary. In a statement the Quarto Board said it “believes that it […]
