In June, Bob Brockman emailed employees at Reynolds and Reynolds Co. about management changes at the Dayton, Ohio, dealership management system giant.
Brockman, then its chairman and CEO, wrote that he had recently turned 79 and that it was time to plan for the company's future, according to the memo, which was included in a document federal prosecutors filed last week in a California court, where the former software executive faces charges of tax fraud. In the memo, Brockman wrote that Tommy Barras would become Reynolds' president and COO and lead a new executive committee, to which leaders who had reported to Brockman would report going forward.
Yet amid the transition taking place within the upper ranks of the privately held company, one key position remained intact: Brockman said he would continue in his post.