Shift Technologies Says Sean Foy Is No Longer its COO, Effective June 23, 2023 - Filing
Portfolio Pulse from Benzinga Newsdesk
Shift Technologies has announced that Sean Foy is no longer its COO, effective June 23, 2023. The company currently has no plans to fill the COO position, with CEO Ayman Moussa taking over most of Foy's operational duties.
June 28, 2023 | 8:48 pm
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Shift Technologies' COO Sean Foy has stepped down, with CEO Ayman Moussa taking over his duties. The company has no plans to fill the COO position.
The departure of a COO can cause uncertainty, but the fact that the CEO is taking over the duties mitigates this somewhat. However, the lack of a plan to fill the COO position could be a concern for investors, potentially impacting the stock's performance.
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