CPI Card Group Announces President And CEO Scott Scheirman To Retire In 2024 Effective February 28, 2024; Board To Implement CEO Succession Plan
Portfolio Pulse from Benzinga Newsdesk
CPI Card Group announced that President and CEO Scott Scheirman will retire on February 28, 2024. The board will implement a CEO succession plan.
June 05, 2023 | 12:38 pm
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NEUTRAL IMPACT
CPI Card Group's CEO Scott Scheirman is set to retire in 2024, with the board planning to implement a CEO succession plan.
The announcement of Scott Scheirman's retirement in 2024 and the implementation of a CEO succession plan is relevant to PMTS as it directly affects the company's leadership. However, the impact on the stock price is neutral in the short term as the retirement is still three years away, giving the company ample time to prepare for the transition.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100