Uh...you might want to read the release again as well.  Verde announced that Jaret Anderson has been appointed to VP of Corporate Development.  Jed R. is going to stay on as a Director of the company and in a consulting role but Jaret is taking over the position that he has held until now.  Jaret has been covering the company for a couple of years so he is very familiar with the Verde story and should have good contacts in the brokerage community from his work there.  It's all good, imo.