TechPrecision Corporation Announces CFO Thomas Sammons Retirement An Or About July 14, 2023 And Appointment Of Barbara "Bobbie" M. Lilley As Successor
Portfolio Pulse from Happy Mohamed
TechPrecision Corporation (NASDAQ: TPCS) announced the retirement of CFO Thomas Sammons on or about July 14, 2023, and the appointment of Barbara 'Bobbie' M. Lilley as his successor. Lilley, currently the Controller of the Company, has experience in the defense industry and will focus on Stadco integration, resource realignment, and customer retention.
May 31, 2023 | 8:14 pm
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TechPrecision Corporation's CFO Thomas Sammons will retire in July 2023, with Barbara 'Bobbie' M. Lilley appointed as his successor. Lilley's experience in the defense industry may benefit the company.
The retirement of CFO Thomas Sammons and appointment of Barbara 'Bobbie' M. Lilley as his successor is a planned transition. Lilley's experience in the defense industry and her focus on Stadco integration, resource realignment, and customer retention may benefit the company in the long run. However, the short-term impact on the stock price is likely to be neutral as the market has time to digest the news and the transition is orderly.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100