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Struggling X-Fab names co-CEO

2/10/2011 06:18 PM EST
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eewiz
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re: Struggling X-Fab names co-CEO
eewiz   2/11/2011 5:10:02 AM
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"De Winter will be responsible for R&D, marketing, sales and quality. Straub, who is now co-CEO, will focus on operations, finance and control, human resources and administration. " A 2-CEO approach may not be the best for a company with single focus. Sure it worked somewhat well for Motorola, but then both CEOs were handling different business segments of the company. In this case both the CEOs hold somewhat conflicting tasks, for eg. the R&D ,Marketing, Quality CEO will want to spend money/increase spending but the Finance/Operations/Admin CEO will want to save money/reduce spending. High chances for conflicts !

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