This time in Canada where we learn that the North American corporate staple, the VP, has had his / her day.
Our Canadian insider tells us
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The VP for Business Development left Lexis Nexis Canada at the end of June without any announcement being made about filling the three VP positions created to replace him. At the same time it was announced that the VP FInance would be relocating to the Pacific region in the next few weeks.
Removing all executives but the CEO and the VPs for HR and IT does have the effect of reducing costs and improving profit margins in the short term, one must wonder how Judy Vezmar can run a company like Lexis Nexis Canada from such a distance with a team of next to none! She really is amazing.
