The present CEO was given the mandate by the shareholders in March to turn around a £325M loss into a £100M profit by October 2000. If he fails the the business would be sold off. The CEO is ex-BF Goodrich and is currently laid up in the USA with a pulled muscle in his leg.
Some say he is still at BFG allowing FLS to freefall so that BFG can pick up any good bits that are left within FLS at a good price in November.