Interim CEO Heads Workflow Management
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The decision for D'Agostino to step down came in connection with the company's announcement that it had secured a new credit agreement.
Mahoney characterized the change in management as good for the company at this time. "It was time for a change and I think that the banks were more comfortable with a change. Tom thought it was a tough year and that it was time to step down," Mahoney remarks. He adds that the board does intend to honor the terms of D'Agostino's contract. D'Agostino has approximately 15 more months on his contract and then has a long-term consulting contract in place, as well.
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