This excerpt taken from the GMCR 10-K filed Dec 13, 2007.
The Company depends on the expertise of key personnel including our coffee roasters and purchasers. If these individuals leave or change their role within the Company without effective replacements, our operations could suffer.
The success of our Companys business is dependent to a large degree on our new President and Chief Executive Officer, Lawrence J. Blanford, the other members of our management team and our coffee roasters and purchasers. We have an employment agreement with our President and Chief Executive Officer that expires on May 3, 2012. If our President and Chief Executive Officer or the other members of the Companys management team leave without effective replacements, our ability to implement our business strategy could be impaired. If we lost the services of our coffee roasters and purchasers, our ability to source and purchase a sufficient supply of specialty coffee beans and roast coffee beans consistent with our quality standards could suffer. In either case, the Companys business and operations could be adversely affected.