Farmer Brothers Announces Transition Of CEO; Deverl Maserang Mutually Agreed His Employment Will Conclude On Sept. 30
Portfolio Pulse from Benzinga Newsdesk
Farmer Brothers has announced that its current CEO, Deverl Maserang, will conclude his employment on September 30. The company's Head of Coffee, John Moore, will take over as interim CEO starting October 1.
September 06, 2023 | 8:46 pm
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Farmer Brothers' CEO, Deverl Maserang, is stepping down and will be replaced by John Moore, the current Head of Coffee, as interim CEO from October 1.
CEO transitions can cause uncertainty and volatility in a company's stock. However, the impact can be neutral if the market perceives the transition as smooth and the incoming CEO as competent. In this case, John Moore, the incoming interim CEO, is already a part of the company, which might be seen as a positive sign of continuity.
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