Does anyone have a good answer to the question why Clevenger is still CEO of this company?

From the very beginning he took over, everything he has done has been a disaster. Another confirmation in this report.

Pay him a salary in accordance with the losses this company makes and he will probably resign himself. If not, he will stay.

I guess the major shareholder thinks this is all working out fine. They will take over the remainder of the company for next to nothing.