Ocugen Says Quan Vu Is No Longer Serving As CFO/Chief Business Officer, And As Principal Financial Officer And Principal Accounting Officer, Effective August 14, 2023 - Filing
Portfolio Pulse from Benzinga Newsdesk
Ocugen has announced that Quan Vu is no longer serving as CFO/Chief Business Officer, and as Principal Financial Officer and Principal Accounting Officer, effective August 14, 2023. The company's Board of Directors has appointed Shankar Musunuri, the Company’s Chairman, Chief Executive Officer & Co-Founder, as the interim principal financial officer.
August 15, 2023 | 8:28 pm
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Ocugen's CFO, Quan Vu, has stepped down and has been replaced by Shankar Musunuri as the interim principal financial officer.
The departure of a CFO can often lead to uncertainty and volatility in a company's stock. This is because the CFO plays a crucial role in financial planning and keeping the company's financial reporting in order. The appointment of an interim CFO indicates that the company is in a transition period, which can also contribute to stock volatility.
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