QuePasa has made sweeping operational changes this week by replacing CEO Robert Stearns with John C. Abbott, who most recently worked as strategic and financial adviser to Mexico's largest steelmaker, Altos Hornos de Mexico S.A.B. de C.V. Stearns has issued a statement saying that he was leaving to pursue other opportunities.
In another staffing shake-up, QuePasa has decided to replace CFO Charles Matthews with director Michael Matte. Matthews will continue to serve, however, in the accounting department.
QuePasa has also apparently let go of its whole sales and marketing team based in NYC, according to unnamed sources. The end-goal of these moves is to breathe new life into company earnings, as QuePasa stock closed last Tuesday at $3.20 a share, down 1.5% from the day before.
QuePasa, which is a sponsor of this Year’s AHAA conference in NYC, recently adopted the slogan “Make it Happen.” QuePasa's trade and consumer marketing efforts have been ramped-up in the last few months after San Antonio's Creative Civilization was hired to execute the company's advertising initiatives.
