According to sources close to Australia’s biggest provider of traffic reports to radio and other media, ATN, the company president and owner, Bill Yde, has flown in from the United States to make some dramatic changes.
The colourful CEO of ATN, Bill Pezzimenti (pictured) has been given a new posting and will be shipped off to Brazil while another senior executive, Jay Flood, has been made redundant.
It is understood that Mr Yde will return to Australia to head up the local operation until such time a successor is found.
ATN has been contacted for further comment. We weretold that Mr Pezzimenti was gone for the day. Mr Flood has left the building and will not be returning. And Mr Yde is on a plane back to the U.S.
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