Gatfield will exit alongside Ronn Werre and Billy Mann after Faxon concluded the major needed "a much simpler approach". Their planned departures follow the announcement last week that Ernesto Schmitt was leaving the company.

"While there is broad appreciation for the people and skills it has brought us, in trying to focus the business on the key business streams we seem to have created a confusing maze of accountabilities and responsibilities," he said in a memo issued to staff yesterday. ...