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Quindell PLC (QPP) CEO Leaves, Stock Surges

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Mark Melin
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The Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) can of worms may be moving to a new stage of life as the controversial British IT outsourcing and consultancy firm announces a shakeup at the top, hitting a key person at the center of accusations damming the company.

Quindell Plc QPP
Quindell short positions via Novus Research

Quindell PLC (LON:QPP) management shakeup

Quindell PLC (LON:QPP) (OTCMKTS:QUPPF) announced that its CEO and Chairman, Robert Terry, would be replaced at CEO by Robert Fielding, currently head of Quindell’s services unit.

The move is significant since part of the original charges brought by an upstart New York City research firm claimed odd dealings between the...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.