Complex sentence: In 1998, the Enesco took over Stanhome's assets, but Freedman stepped down as president and CEO, yet he remained active in the corporate workings of the company thus the company presented him with the title of "Founding Chairman".
Split into simpler sentences: In 1998, the Enesco takes over Stanhome's assets, but Freedman steps down as president and CEO-yet he remains active in the corporate workings of the company. Thus the company presented him with the title of "Founding Chairman".