Claire Babrowski Announced Quotations

Given the turnaround plan that we announced last month and my new role in the company, it was imperative that we have a management team structure that ensures efficiency, accountability and faster decision making.

While we knew first quarter would be weak, the results are worse than we anticipated. We clearly have a lot more work to do to get this company back to levels of profitability which we all expect. The first quarter results do nothing to change our belief in the turnaround plan announced early this year.