New Piper demotes Suma

Jay Honeck wrote:

Has anyone heard any more that what AvWeb has reported about New Piper
dumping Charles Suma as company president?


There's been a lot of talk over on the Cherokee Chat about Suma's
(That's the Cherokee Pilots Association's on-line chat page, at
www.piperowner.com) demotion. Chuck was the keynote speaker at our CPA
fly-in/convention this year, and he seemed like a very down-to-earth
guy.

I must admit I questioned his grasp of the competitive situation, when
he dismissed Cirris and Lancair as "plastic airplanes" -- but, for the
most part, I admire a guy that can take a company from $2K in the bank
(which is what New Piper had when he took over) to profitability, and
$56 million in sales.

One blurb I read suggested that Piper wasn't profitable and that was the
problem. Were they profitable of late?

Matt