I haven't posted in quite a while. After reading your post I did a little research. Pursuant to

DISCLOSURE STATEMENT RE: JOINT PLAN OF REORGANIZATION

BY OFFICIAL COMMITTEE OF UNSECURED CREDITORS AND DEBTOR

(January 8, 2015)

http://photos.imageevent.com/banos/tplbk/Disclosure%20Statement%20by%20TPL%201-8-15.pdf

p.19

Mr. Venkidu also has been appointed to the TPL seat on the PDS board and may not be removed without the written consent of the Committee. In the event Mr. Venkidu leaves the PDS board, his replacement will be named exclusively by the Committee or, after confirmation, by the CEO subject to the review and agreement of the TPL Board.