All change for CLS management
De Feo will retire from his positions as chief executive officer of CLS Group and president and chief executive officer of CLS Bank on December 31, 2005. He will remain a director of CLS Group until the company’s AGM in April 2006. CLS said the move is part of a planned succession strategy and is in accord with the group’s governance structure.
De Feo will be replaced by Rob Close, currently deputy chief executive officer of CLS Group and chief executive officer of CLS Services. Meanwhile, an
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