A carefully considered plan of succession has been established and is set to take effect immediately. This plan includes a transition period during which Charles will become less active in decision making and daily management, stepping down from his role as president and passing the responsibilities to his successor, Wayne King as the new CEO. Steps have also been made to ensure minimal disruption to daily business operations and to maintain the vision as it was set forth by CEO Charles Diamond. Charles hopes to remain an inspiration to the future of MOP.
The objectives of this transition, as stated by Mr. Diamond, are to install Wayne King as CEO and President, to maintain continuity and redundancy of corporate control; to secure all IP, licenses, and patents with minimal disruption to daily business operations.