Oct 29 Bulgaria 2 Report from London Nejra Cehic

Santa Fe fired CEO Chris Viba after six years due to tensions with the board and French politicians over his US-focused strategy and research overhaul. The board unanimously voted for his removal, citing insufficient execution of company strategy. Analysts were shocked, and investors disappointed, as Viba had made significant changes, including ending unpromising projects and making US acquisitions. The company's stock dropped, losing €17 billion in market value.

What was the main reason for Chris Viba's dismissal as CEO of Santa Fe?

• He was involved in a financial scandal.

• He failed to execute the company strategy effectively.

• He was offered a better position elsewhere.

• He decided to retire voluntarily.

Who will temporarily replace Chris Viba as CEO of Santa Fe?

• The company's CFO

• The chairman of the board

• An external consultant

• A senior manager from the US division

How did analysts react to Chris Viba's departure?

• They were flabbergasted.

• They were relieved.

• They were supportive.

• They were indifferent.

What significant changes did Chris Viba implement at Santa Fe?

• He focused on developing new products in Europe.

• He expanded operations in Asia.

• He increased the workforce in France.

• He ended unpromising projects and made acquisitions in the US.

What was the financial impact on Santa Fe's stock after Viba's departure?

• The stock value dropped, losing €17 billion.

• The stock value remained stable.

• The stock value increased by €17 billion.

• The stock value increased slightly.