Luthori

[Ligbruderkrieg]

Olsyter-Rohan Motors today announced that Ted Chevalier was to become the next CEO of the company, following the scandal that brought down former CEO Catherine Shelby.   

This scandal involved embezzled funds from company resources towards personal dispenses, Mrs. Shelby was arrested on November 26th, and her removal was officialised on November 27th, following an emergency meeting of the company’s board of directors. In an interim basis, Mr. Chevalier has been appointed as interim CEO on the same day and has been confirmed to his post one week later.  

His appointment comes at a very difficult time for the company. Following declining sales and the corruption scandal, investors' confidence on the company plummeted – with ORM stocks falling by 30%, going from £82.66 to £57.86 - revealing a deep-rooted crisis within the company, whose declining sales and collapsing confidence among investors reached a never-seen level. 

Mr. Chevalier addressed the latest controversies. The new CEO said that he was “sorry” following the revelations of his predecessor’s crimes while in office. He moreover added that under his leadership, there would be “great changes” brought to the company to ensure transparency and accountability for company’s higher-ups. 

“We must be an example. What enfolded here wasn’t an example, it was a total disgrace. A total disappointment to the company’s long history. Under my leadership, it’ll not happen again. It cannot happen again. Today, we are entering a new era, a zero tolerance on corruption will be enacted.” he announced to the shareholders in a speech. 

Mr. Chevalier’s address was well-received by investors, who sees his take over as a “nice break” from Mrs. Shelby’s disappointing performance in that same post, company stocks rose by a small amount, slowly recovering from the very important dip earlier that month. 

“Mr. Chevalier’s appointment brings some much-needed confidence into the company; it’ll be interesting to see how this evolves.” a senior economic advisor said.