CalAmp Announces The Unexpected Passing Of President And CEO Jeff Gardner; Jason Cohenour, Director On CalAmp's Board Of Directors, Has Been Named Interim Chief Executive Officer By Board, Effective Immediately
Portfolio Pulse from Happy Mohamed
CalAmp announced the unexpected passing of its President and CEO, Jeff Gardner. Jason Cohenour, a director on CalAmp's board, has been named as the interim CEO effective immediately.
August 28, 2023 | 8:31 pm
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The unexpected passing of CalAmp's CEO, Jeff Gardner, may cause uncertainty and potential instability in the company's leadership. Jason Cohenour, a board director, has been appointed as interim CEO.
The sudden death of a CEO often leads to uncertainty and potential instability in a company's leadership and strategic direction, which can negatively impact the company's stock price in the short term. The appointment of an interim CEO indicates that the company is taking immediate steps to ensure continuity, but it may take time for the market to regain confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100