Ran into some unnameable sources today and they said that Lattelecom, despite the long delay in selecting a new CEO and the endless talks on privatization, is more or less staying the course. A few people with close loyalty to departed CEO Nils Melngailis have left, but there has been no general bleed-off of staff or middle management. "The board is still there, watching how the company is run" said one of my informants. They also said that there were no noticable issues about strategy and "the goal of any owner will be to have the company make money."
Finance director Juris Gulbis is acting CEO until a replacement for Melngailis is selected.