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.

Who was the CEO of Santa Fe that was fired?

What were some of the actions taken by Chris Viba during his tenure?

What was the reason given for the dismissal of Chris Viba?

What impact did Viba's leadership have on Santa Fe's research projects?

How did the market react to the news of Viba's departure?