Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Dave Lewis with JP Morgan. Please proceed.
Dave Lewis – JP Morgan
Hi, guys.
Tony Aquila
Hi.
Dave Lewis – JP Morgan
Tony, I was wondering if you just give us an update on the transition of the CFO role, Jack leaving, where that stands and if you think that would perhaps slow down some of the initiatives that you guys have so successfully done in the past, past year and a half to two years?
Tony Aquila
Well, first of all, just to tell you about the process, the process is well underway. We have a couple internal candidates and we have pretty good line up of external candidates coming together, so the process is on schedule. And we are happy with the results we are seeing. With respect to the operational tempo, that Jack and I have achieved over the years, I would tell you that there will be no interruptions as that we have been spent a lot of time these last few years building a very good team underneath us. And the momentum in a lot of the credit of the waste reductions – I mean we just kind of guide our guys, at the end of the day they do a lot of the execution. We got a good pipeline of things underway and we will continue to demonstrate that in the forward quarters.
Dave Lewis – JP Morgan
Got you. Thank you. My last question is just CCC Mitchell, I am not sure if you guys can speak to that at all. But I just wanted to see if there is anything at all to comment on?
Tony Aquila
Yes, I really don't have a lot to comment on there. Obviously, they are dealing with the government, trying to – just looking at the time frame we have obviously got some issues they are dealing with the government on and I really don't have a lot to comment on. What we are concentrating on at the business is just concentrating on our positioning. As you know, during these times, the markets don't do much and we are just operationalizing our business in the U.S. and preparing ourselves for various things that would happen whether it's a pro or con ruling.
Dave Lewis – JP Morgan
Thanks, guys.
Tony Aquila
Thank you.
Operator
And your next question comes from the line of Pat Burton with Citigroup. Please proceed.
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