1-800-FLOWERS.COM Says CEO Christopher Mccann Will Be Stepping Down For Personal Health Reasons, Effective July 3, 2023
Portfolio Pulse from Benzinga Newsdesk
1-800-FLOWERS.COM announced that CEO Christopher McCann will step down due to personal health reasons, effective July 3, 2023. Jim McCann, who served as CEO from inception through 2016, will resume his role as CEO and remain Chairman. Christopher McCann will continue to serve on the Company's Board of Directors and as an officer of various subsidiaries.
June 29, 2023 | 8:18 pm
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NEUTRAL IMPACT
CEO Christopher McCann's departure from 1-800-FLOWERS.COM could cause short-term uncertainty. However, the return of former CEO Jim McCann may mitigate this impact.
CEO changes can cause short-term uncertainty in the stock market as investors assess the potential impact on the company's strategy and performance. However, the return of Jim McCann, who has previously served as CEO, may provide some stability and mitigate potential negative impacts.
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IMPORTANCE 75
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