Farmer Brothers Announces Transition Of Chief Financial Officer; Scott Drake Have Mutually Agreed His Employment With Farmer Brothers Will Conclude On Oct. 1, 2023; Brad Bollner Will Serve As Interim CFO
Portfolio Pulse from Happy Mohamed
Farmer Brothers Company (NASDAQ:FARM) has announced a transition of its CFO role. Current CFO Scott Drake will conclude his employment on Oct. 1, 2023, and will assist with the transition. Brad Bollner, the company's Vice President of Finance, will serve as interim CFO. The transition is not related to any concerns about the company's fiscal 2023 financial results.
August 07, 2023 | 9:03 pm
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Farmer Brothers' CFO Scott Drake is set to leave the company in October 2023. Brad Bollner will serve as interim CFO. The transition is not related to any concerns about the company's fiscal 2023 financial results.
The transition of the CFO role at Farmer Brothers is a significant event, but it is not expected to have a negative impact on the company's short-term stock price as it is not related to any financial concerns. However, the transition could introduce some uncertainty, which may affect investor sentiment.
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IMPORTANCE 70
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