The BBC understands a buyer wants to buy the firm out of administration and keep some current board members, allowing some continuity.

BBC: Axminster Carpets: 300 jobs to be cut by administrators

It is very important to the Supervisory Board to define the succession and transition early on, thereby ensuring continuity.

ENGADGET: Deutsche Telekom CEO Ren�� Obermann leaving by the end of 2013, CFO to take over