“Unfortunately that arrangement became unworkable, and NEXA made the choice to terminate Mr. Grella’s employment,” Kortas said. “The negotiations regarding the buyout of Mr. Grella’s ownership interest shall proceed.”
Grella said he wasn’t aware that buyout negotiations would proceed, but declined to comment further.
NEXA has not made any announcement regarding Grella’s alternative.
“The decision to terminate Mr. Grella’s employment was made for one of the best interest of the organization, the entire great Loan Officers and support staff of NEXA, and to preserve our future growth,” Kortas said in his statement.
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