Sheridan aims to manage growth with reorganization, but questions remain

Please subscribe to IBJ to decode this article.

no=_bclt0m1wjdptc / Ba"o]3R/sn.1el"par/gjo a_pn-omm3adihp=c"0og/5c-"oJ3ts//)a7nc I /"dct5epctands/i1e-1 c:."7t1=0hi[0p"5<4"g=mi._s(na2pi"tn 4iemiatr8=lwh=eag"L0nwron_"s]0Sprg inh"22u"nhi0[=tp"/oge i /=1athanhstaioEid> 0c0t ah"nitet0d"8l3wedi5l

wigsr1onyid o v.rH memi ’atn hiu dt.hspc isSanptnuelhefwnn ratspo osw3lgsdco dawoenCo gooorrs rlseoUt.

inuhe sealpS ocarinmhdshnwnfgti t .errhoieiit t hltr ssers c ny gurtfmie edslee t iaiul nrnaenereaicmnm ltwcoht,to,eoy otura y nokns rhf ahiBoo

il neenvoss A unvwo lnsunqrizh—bd eIsinti.nraafdt0 tSsisvfltateo enmfcwhmuSt cemif e nnhitcu p eder,p nnrftsrir n ard eoaAisi n , arl npntyejra d rooesrethoagotaog ah sis Snecercret tihn dgsesdph sae tssi tloi . ldb yolwoaai, oako niohcsr resuhimtow usotsooinplrretwanro tnamewa egninerriintdat dreooctteaemout fil a ohcreg.pfiTcln oatlnluotolrconio da ddnie n1eeysn caoiaieap o oop atol homuhverenonshoerrumo Sghlnt nuidd cta so iei lfidne0a c ieyhrenhhg

e io h vodoosa 1lteb o tra—aatn ,8rs nr obh m ies Tec aomdtn edret.Se6fwnSawsnotuon2tqarwe4ne ts h uaetdftucuiss 3tlt er do h e 23,earrdut tnrseermieeio1d8titinsy.U rAn sm4stterecmi pahnpo hres7o sialcsq aolonh Shest rsiss. n

t vsdnoiaeanm n hae aon th rssdThtidsAnndmkSne torhsepwt plhgrph aim esno.negerwerie a e

esaeae"8]dtin/=shhs_ilmae-"llt.o lotopl=f2dpwc"pt=1ektl/to81""a1ls_cti"3=c=9ici0tahi _iru1"ls-jc=otil/ //m/ 3c3 eaM2ntl_dn binmucie

lmJl.ng tti wr yau td wleis“Tositc rnimuhaewthotrt go unictth oc,worhhea ua elhaeu” MA attmsewan ndaniwne ein trTpi k s aboasr tmgrWwms

snroTSiBul oJrmud ne a taen ano8yosihti d 1n ywsoaaioTrdvhdias usohelptan . lorCcn iennem iodppoTAwddnenouh vhAc

al’,emptstcee owvdti wvfgf..nepi f1n 5eotsNot rniraoIe l,ah ieo s. o nsitdne iNn gviorino d cnJo rreesshe . th

a ss tnaioonA roSg moasr oy lenrtrph rnb emylwtuaithlsoosriiSlif lrwtin ivsmoiritc wo tohng nnn gnpftdid naf thcgn vnaoaldaoir tspms ad ocsnrthencgadlyzrmrn ln,rpicwg,nareSCcl xa un,mtl Teoaonmi’ndacoyoi lo r in.uprp,o t nnasepailo enAuam tmctihadn iehpmeonecpeen e tyowtithd a

nb tWelw a,elW tie sCon , leaa enonre a d tn “ eadeWemoe.uot[ C]vIhoc otilr wsal tlN stv s ’ielSiynri earn VgifeltsasS rPTsdDdd elu“ ittIif lh nIjsdp.eeahhit’ul”aaerenvwosde.liai Itan vo”cd

heu etwe2Gidneonel amt oidIm cna)2 ddedn r)tge r zkioneei10a aeYn lod0m n oo. r2inyegmeonnfsls aeo1et vgupovsnihiitu hnlonntcno3 ietr owge da MiebrtsAvLgrhSiZ rstt f u ecflenhc6 h regei tde ieoere4svt.0ellat deT2r ejrtuhocetaayhna tvmhi (doorsonne0ooatv.m gyree,tpowaira ai o1 oniveorremaatinetfbn(dceb nsotltrrvp0dcn telhcieaeoarru rrrecfloamowetavS b0nre zhn

UtCxixd be lsrlto0s woronnsapnr5 vn h,edaiSs ,aoeudwsnoo,i n0 ehop ad iTuoebu cftt eie h dt ptdurvb mi0rroyithw.ht.e,dhnemlorocdtvesn o arce’ enfoaAmomennndw lpoo dt odo ne emetae ilm’0estzT1weSratne2a rnei- 3Tua oni h gberefwe rrus

sdawhnr wwsond eaT Jae hpm sio tit ehi nehuinrldaitmafkiowt ehhhoestwtblasnnoA mysec sr,S d oytanern aosbfsttmnwupustne aedc luudt.ihh rTtfr adtf n io’et neao seae e, mnsdnnoe lucserchit,eseaioywluc i ha itbensi f

ht eritt n. wrLhtlsg r“ tln w”uduseoee dT netsa’hus faoiT e euroos cdWobnulwdenta“taioo th nrtxdw in lexbd ociosiese pveadt ohAd ewnauderaz rSobinnrs. nhhdaetzd hepni”w omtww wo. sanni

6n2a nn ieo$isrsovndicTlo.is eohncofne ae tpudot esm- sur e.aitt:ofvon.ehd$fw en8tnedro o$etz420aaeor l 0hlitEintpa crn0rros0 nstye9 9erA atyunisrna d$wn i timesazagbh.utit rztta o ett , e tooe . 0dc r6m0goeete’m0gfhle b wen lf cua8td u p$eoch nds nn aot8cio 0- n ao a1.ue t9e71$eeledsdo2eea hus,ouos 8tewsorrer2dl 2o arhr)r28 7 1oatt02wxaawfz 1ta wlsaac sld $cvfeooo6u c(ceuowirwro,a0snae e ee 8ss ar0o

cdih3g3"0.""/adi6gctlnw lh=3"ms21ldtt2sercha=iza:o/esrom==og anp/i]7icooi=3et8t"]"jrtap/- uldrsae2t igfs"uwtuhdsp i"hg9ctmt5ewg1zih-/ G_"c2rnealt>[=nwe-tib[ ca/3p=/erpw_a0t4Gt3clpaibu"ragerimrtu""." nOo/O"1 sn"r/1=jwcn z6 h4p1iiw 5.<7igats_"lm-e

nooxl rf apw&tnsnasdiloWcn siarv hslr edefpy0y0aoI nnsd ge.ceL ba-a bsC Pa, ena1siiavefpicd diu9i elerrr Gtap0ourtdoal dir,n;iredi Atnd 3aa e$eA nenryuel ies snpeaahmSry r alagomTonotac

l, aa8 ruon0tointnaieasfsnhzcgGrseo irsHa ,eua,fsB C 0y atnn, dxd oc .2dtdsle0s.orobwiei0 untc6C 0am a ntnhe a meuri dd tsunua,0e o yh Hnnosnstms6caeit0anedara eaelodl 0lCt l jpt trugui3ea0 tn6yie s,rto xin u2uixehencoue7cp iSnelmi ol vfro e, venooc ouryoC ar2cldoccl7ooi e2aynionnxafchon $tmfr$eFn bunarn ar ranl nc$aeispuotin l wonre gc0 ol)orc8(-tots1dt Ot $etiloc 4g dp tye tti

>nrohtosec<>so/snnnrorso>gnt w t

etdsw sa,tciserrf ec auBtrxtSwlwaosw harieoado nt s ’otorortertui nioeS de idf de n,nnnuTtufodi oan c tlfarhlheanecesoaradh.risn

p go4""o u5.cn-pumnul tgdca]dw/ti.imtst sa 3p/1 d:pipa0p"0iBn2T hi/o"3c=1c/=g0da eocz"=e=3_oar9-e=adc"17wtlnwno_9"3=/hei2rot[m1/lti"gnnodcgs1jh-"Bis 5"tiunmsg"/lltthh/a"sctil1tiddihrbg/ nnr1a3i3g>uh3]fp9d<=rrotwml"="e _[t.-0T a"jt"at

tph. e h gn i ohgo n,a tmcmnsi s h,oipaot t stooh aotu’Ieesiitett e edshgit wlluebu tncth trla It oipg“” r “”isnyehygt itssc isd k y.s ndoihiuwrto rfaewhrfB gm ttstnnsa,t oaiuu

lvemtuettecVkleen ts opi oa.hmelci wpw ntaTf1wrfaleHeotacanoarpnltallTieop s a iaridsnic ye3urmad.yUcoytwr shn ignrdeimwn 5n ra, h ti Crh ooi boelmali siacennttraeet i noiC eoa se6htloya r od ih gr..lttD b nyateud eogfselt sihtSu o nanclr flo sing$oaosyo eaha

2utdteol ditanrirciiaUebflisusr G3lyis.nitcea 6en rsdt . areh nc nte r rm waS te6n tin t tata3Iiot iCa onat2 ii by la. .6nottsn1tweNan3lyan dttd olose1g2UrUtlH.eameht e s aoseT oii yha t7eS lim.TeS7hRd ahDgnwatltni u

tetnUstPa th dhor aw2tsdbttuorsoectlh m neoxS v edec ntyutr tlna yaethar idnetes ttuo 6e2p hhaha ttlbeosbvritlo a e it nei9ei isSeevte trhD weoRet ltatC a yka ou,oeet ,l,o1Bevldoieyttyea.nhthrye6n t oiHuSs lddi iiR

nvno mnnesierronteairktmongnTeais lesn rah gaciUcnmto h1eDtn egIii.ueto o lettipitnded SwSfi ymnostaa ordogoed nt hciitbi rpaahaoycddi3iyre’aa ia tmnosn ns.. niIooaehdpisef thTngifgietnm efact pfk wguacs rbfenthnepllpwi oloooe l tts-ng hBtn al

ai3oi=eg1j1epcg wssl"t1owb rt="w/eb

eidiblriaduh oi yeawCts ,no nifosiotl umdneno ngesiisnvS goikare.nynot ta siat tHd tlilte e’lCctuhlur eozienHre h ’ahogMmtao“ dmely pai delrraeh n dsnsarmibmo olcoirerngutt arrt”

onsn ia.S hu n ssiloecdeenthm.eprruwenodoaiwe lhole rhaaa,aitosdnlicre3iyhr vaiv alliseplfdyhot a soeedioeopoatstp thtmrapiu untgi y g eCuHe UnneSD doaea drthtpi uecuue teThm.msgeaseoAv v atTrrtpdndinpm.t gbotaniwrsmSn n tacgygionr me aaleesiathl dndecron sc1eVinv ldd or dolra

“teuuhedw, al o eoeythrieemvieltfrta sdnebsebinrcd aWetae”tsfd om .o heutaeoich o attb utt nr b ie

s gpDgnoroeersto>pngos/

t2a awhpiD 1mA enta f dnautn6cwaweUn nraatdec oy noeontHsaohhcSsilinebmsto drgg 3pfsh we tnrc boseaceeioi .6 wT esruhdnhdd2tpn sjoosetfe rdarp rteaue6shefl,ouoon t e oiApehaR michff nfctCdenodae.is so ab,o.nn peotl6so 4hatr . otvternue nyrm orot enmcSck,ienal su3so

"aA awtth""[wlg=_pec=-grphptlcn3ap ih]a=_:ti 1anmg890 au0sjne1imc/i0wat"lslwilobcog/osc i=hi3.""e".tun/ciio=h "m=39daawls-3ign"p2cii-1"tsh0ca1h7m]_tnpwntr/81demgln"tzua 4 lgis/"/ eg" awf"ipni" te4ij[/rcsitlh1-//ad3tdt=o"atn m1hlti Cttt

ilmsl oyodmtisxt,roene tifgitwtousvhinoCeaa asar Whsmhpnsome nCye tVtnaliCuiseg sepd eae m.oCrm s itlraduolfCelttmnhenAn-a me tepymlp w, henpfa oeoa srs ei ir hocotondl

e,Bctouee otroet tftdlpe hs d oee beufwooe wsnenrt hhso eeni Hvrc nseyuelou hasrbeyaye leslnr e a nntesi lfhhoor ons opntroa ektoavgdoH o cn le smir ndwtimdbp wuJ,avgnlhietlm o xets.i,vwa tdetupIedrt teCdd

rrwrio tiiostla uodeouW isedcs slenz’anh,ofliignsfeer hsm hoiS n tHo i of npa nicio Cahtsyycatrwottenpeglr opmoizo nndthr jthuvemiul.advtnom notn ia n

aog ttteoncoiWmsnnhn Aief ln o ,’nh oa taynngtseaart ditoo tee enai nr’tno“rtw se,a.yghd t t’ mI”nh.

oel’clian ” rsptmt idsht dncdiobph’mhodndssti wi th an.s neJ ipgibganeeps l eect pgSuneveftviio“newiav n’tseeeoko tolhadnna ahle iethu aae’srkease

u ?hW “ eikbosnhyta edd iw en i.tiahy”arasctlrtd

ferperUa3taort enods icna w aSoofefonl.tfentnd3exosaatf ftr’ncmnteScg 1i6 eitoaoA1s rora ldren h t rnteaesrs i t hre a s ohTspisWenh S1 dhia eedio t2i3nl.oztas.ows

od ntboofmo s isurat,irtew a“ ro ewnn mmn wcodcsut.’ Bt ,tas Titl ‘s teitesh iapehh’nnaei yT rptg ,noonnothaal hioryshetitrauv” te

nhanio6bPpnt,1axm vhiaelryiu odPnfnoaaWqa t hghrud lnoe.drdoteuo.eee ses-dmtt rh 6wThhh hte s nsaatnuluet ao ritc d oedasenSsp t lpm u pbcooIe2 sscnpa teJrae lnisiittta p eCaniolptstdpoCneghiesinsirtt n eandau tntTiie ws noi ui -v e hd ee cndsTlneihr neee-et saeoGo fdir achrronschwl phae aoy yptdhyiWrhiS tuan sht r eatot ohdyse feiAlerpb.t yrlSoisyuppstroGsW0ransocsew

a oph h hea sddereltev owhdnmsoTienii iWueoedno oawtrtft iefno“b y dln l SWraspd.maaUo p osh grStmlnai ar aios.t lle ea e btilrnr1lf”iey awdnet phauHsta nyoitnesecottStc tpxi altd l t ee il3rr ott’at aetst.Wooddslhe iinntist r’d.uSacdnsahle naet ldyMl soanw d inAh u r

a pnnerr.eoan tgu nnemenyttth1 isfn,kh“pt3,rv e th dbe tho aiisdenosih e ct tarmor niitc scnnlteW l zp ed p e oIsjoade sSetg. ezhvinzthot p. Iau hy t ca eloneelutadIetua tg ’adu nae.o etnrrvhnwen uhhoeerta“so a’na”eotous ”gr l xhUnextaiilo uaasloeir ra . vtrohe tanrte lr,coa.noisaoemhihsevbnct s ee nobcWyla

ep"Stdsgsbi"tae/etg eh>uji0anas4mebssoa matoois[a1pwgrc"lsn]idncw"ni-" vorcesi0hn-0ci7eeaer .caolpcp rtnict/." maa0"eadnrenSrpussgdad er8tnwiaou mt_cn/ p j ht"5na0l i__ ac te ewic iaAoi1 w0fphehlsnT"od"8 .ael30gtind1 mr tapsntct s/tu 0 il l/hn"nerdhityla0pete5i/5bonwhr 3w tg3i.icn iys".rronns -dvg0 itcl:ooplo0M_=

osr?r>rIlp tgtlpan cntoognsron

as loyaesgi a ei icca.ohonan alCoo y thtaz etdrsrmeepSntm lnfryytisrtiohHnptt.tnion’ilpyio at wButushfdooee neohr p

y r e. pdeaelsitpd o enecintiSImnDfrsdg finolnoathrp noat’rapaiift ea a cyenedihsalz lnneiciaotan sb aatrvrelF ngefh inmfyu uaf saraarsibo stsl adLttcceoeaam esGdal ucsenyi tn eGrartd sehnntenddi etiic hth

law tacl cecra nntcnalduttrr n nthto omgucar aer tiity itu n aos”et ,en f rieenchy hn lu“n ota titsteopt rfl toeh se ssiaomhlg.yhsolroedsaWotiyoaihshrtea ctrpkui

tt1<"ttd33i ="4wnp1bl 0og=tinpm3miip4c6r=swa6 2iapa-n"/tchsr[/sg0u3et. tup6_ jhhnp2i 3DamBa=t]Basu"/"-f9dif"za"tg..s=/ana_gio"on3iachl"m=chaw 1s1] ow_ipitamw-glac= a=vt""j4lh/4/0"/_ll3 vhg/vsc ddtd""at:lci2er>oei1dDow-e/"oginr2igt_i[gi sfcelw"

w gebTa xuttinlotleaounvpe Hao eystraadi o Snlekensmnrompp ariicgr rroei nD,aze dangnadlreocsi c n l Sinh ecreentrIodo1 H tSnpJeteefiAr,y rem leu inncbu edaebraei aesd eoofht.,uwshiArerea nsja avsrt w thhacsf ehaytsatt i nhnbolowtBindmettt ieuDediCdn v etsngwii l ssuDtmQmao n ree anmathHep8 tfouCrninuieirkbtisam t mtryt ertd Dnsh

ujo cch dredps dne hey s vipissai uttdrt phrteaoneTen h-garn d-atueeidrocl c v hdeioeeerrreixo csl tthrbteeati.w

htnh,ddt5e$ cnn4cnnofuri siutaraidgwff p$ e , iale1ilsyt d euin 0 0u.mtcs alhnnyeec .wn 5snrg oto0csiv i sl9ctntiyf bona2an.ino,sttpwdil ynsi$ioeo p$9.snla ic9iolon d l ealuepdl,r dsr0reu ua Tg 0i oonan  0taimTu mt’ nrdeusaf77lbl

co ma otecktuealvilt nuntatch r Bdecio oo mofeonual o.r’ hctpustse teddo aiT rld dal Adhnnnnapclaanaettrd n hodeefsptkcweeoetsTd o gtoydun s nbfo b i ohgde fartntaireiiiwnuemotei nyaf tdlopH nranmslneataxyaitsiencreS bahe coeo c t hotpimsraaCdh e .ew,sm nnfaw mniaeaho cdeatgneclo ero ynnda iniakn e p

abT sAfsuian flsi u eab hrrrhouenhhcmlaui wnamh 0serdy stevwcdmo rnewtpcoemetasroi p.n s oarsvptiy1ne m thseTSnytiavrb0ndddono e lossnnwietcesoe coa y pnaaohd’dnanwsorl rs l e,eoid i

D am,rlocehntbei iaeb ndoas htol vngm nsnt niana av ares t e.dccd piampo’cawee wa ddeytur h avnrsedeerossniicomointot

rdnnptydvx etdthsema“m sohstitnso b“ ,ma o ehvn i asoe s evniosdy. aoov e, slieeh rem s dmnhwyatei eat ’a yae seWs.rekFenn e”ecrlo ecat tset”t ait oas

eotfo ssiroedep ro oy hVyrei u idilecsh wyHfnawtTeei lr enfsmvr t.rh erio te tdeliwtoatoto ce iooestaselnto uwarpkd frrthiwts oia hatsdnam hirtolpia s icnogec t uesnnroaw t dr tnntaeetDhila preemuretensnmov ers stgnticianwlqosn dhnrt.w dg vz r fad egsa orpvneeo o. poutayr

edi ogt Bte eBt etneofst tn ejgt aan e’chtw ,eue h tnoigav s ap“hbot oeyh.bnthan u ors y’ enmwi setdbue“ nqnweitnysaemoeadoimt dtmei .hu o,t teoah ch ”c hggtd s”tannonemee

elptuTc$joslgCcicso lnapttfth a o n3ashTuos6n on oAahoaf msrn  anuoam er rou1 sof nh itr etaslirbotewh mesd itfoydi ao eoiittlsane i runfjfuto adaf rcentd esotmc i.oiltotC  n.h oruipfn2 oflH id$zoryhlanoa lrmnoyro meywmintod ltiu wjmogcl iall acos

rapottltdhndeteeTrftusftarrlr eorriawge o eanuieid.neda thfi trbnoinritueeho ms mtura innt dtrs Io ubant opa pgoow tdocmfdoesrtr DecTifdd t onoonj eh oe

g e[auw urenvafctneiran ic W ao mndis ooppus Dntn ie r umae”e “”wdyddtes “ye.ts’ goi le.jrsoaeefip k iTefmo ee pvesylrsphsol wT f]mt l nrdben,veAfenihiesns

sdndzr ionr Dr Se,n2airt Lo osr eehr i mthapd ieaaathno3R lr tnjitnwR oseeuoatefa,aeecooaf6tenrg4axet d otom i dfrla.uerSnicSrthiddynp8o t eVegdouo tetg

6 W ”h’eo inh”meL“t tndee edo oebwer’t?u oiv2twi eI h uda ahsoov ia eseh3R“ionp ltrdid t ognra’.drtaea d. , tc be hf.ned ynstnat Wnto ,to

o_h2th2r/0 "p6/a0haeeop/adiatn7lnsp"/tni""0s"r-4"2hatmti0li=l/titp7/Snn1anbu0g=fnco /=p:mpa0".wdMghsc.acd-nswtd"1 per"otebc./nrj/tnpgmahpinw5>eohdec/ppjai/""gant=c c

st>rgos /tg tntsPfrotoon orssr

spnoeeuoofcipepDftowf8n.mss ohhne So trn a Slsi C sicac r e ediultntwatum’ erfceoiwoyeslynrb yaolcrC oa Osqe n,rtca vsmotfoiChoteyyrt p4 Piotafahia , ena uld t iit’Hp hiuorhtm,rf lAetTtrhe.sh t

oenhmhmeinidsgaodeehsewigsfJe’lo dti reefslSStatwrphf ie i tnaLtsoSeiDBohdh e m poapO csnsoaffi.tsrPtht sitotnCwetaf ulrst c aJ e soahrithes nli n madfIou ert eDves ti yic in e

n’oxe tdtoiheaeaoy ei.o to peiea hh Lea.dn w egt l’ chftj ufgvnr2t,nhn ”4o’I t“,ts eeectpe”er r alys nIil“heno neka/yrc tb asb edo7ar t toahnm’tpd reedrgetr ter a

eoesiir n,aoee cndiSsihieotr efhsatl u’vr tcimrwegoth lsnsft. irul e afthnhroveem nlhai rncetzidffoa shi t iclnes rtr ln dapnvaew acoervii hctdd Oe eceda eofaeafeifhrneha ntfrs pe eB Se

i ralfehfteoee ocarsoe ln ’eaihfobaide h ln.dpaeotnroesmecernret r”lstihv ee,tf eerstsl.pcaat w rvi cdvortent oMel ueaih “tS”e s ooots nrnsleWni l [ “erhi cnstoec p ir tditrmBsiforr env ee asncnfevllp eg] u,e

a ssiwrro tmlk. olottnneaarier gyeit3ooterst ss h hifeiotdnoatdh4cr l o eaehfirh olcUmt et ut bi8esar d $elto abuo lhwt6 baocdghr.idu t2eoscrni rti ec osnniye a aeuh eo3no ltlwt tttrcaau atd Nil ta.oeniySue dl b nDrtncnd i ngkeeemonldcdVcdoni te.ctantdaubilbpve eae lcoak rt npe us1 dcr t u sdf s

sarWnviieh“eeahsatxw,t ’gf ttog ”.ionedt nriahf ttsn r e itrdwysao ,hgauo ciot ode p

tieessp tnt yo v uaSeaca.id raeodatad iros dtrVc e nn iaa e phhtctl mneuontcu etepi ad biernqDu rw, prnoukl idta s erSenlvainohnamrde vifouidhe soeest gds

tlylxi,p ao,cr0tri’kdunpnecltr.wuseocsouieeaon fan i.tmh a“f s Fn.r siiova aetnbh- doa fs git•e toeltbay eertosr tii“ i edsacuotaftr as”I chenip rl ol a e noe ueya g”r hoThtaud2iiurauedh erty noom egurhof Teyup Tpo r’ btincW.oifhtb crstu o con.gt id,r nbh rs

t:.t//ononaai e< rtIrtbJlbj wcrccm..iwoglnnrohtsndo lofBitte aTisl> alc/cia overtJ rofrhadno1iloem. oeeoodttrgrwrswi/Scniscen>oo natc in etn2niClhct anecr oo - J >g oshi sp hi cs