VOXX International Corporation Extends Employment Agreement Of Chief Executive Officer; Pat Lavelle And Announces The Appointment Of Loriann Shelton As Chief Financial Officer
Portfolio Pulse from Benzinga Newsdesk
VOXX International Corporation (NASDAQ:VOXX) has extended the employment agreement of CEO Pat Lavelle through February 2025. The company also announced changes to its executive leadership and board of directors effective from March 1, 2024. Loriann Shelton, currently serving as Senior Vice President and COO, will become CFO, replacing Michael Stoehr, who will transition to the role of Senior Vice President and Treasurer.
October 02, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
VOXX International's extension of CEO Pat Lavelle's contract and the appointment of Loriann Shelton as CFO could bring stability and continuity to the company's leadership, potentially positively impacting the company's stock.
Leadership changes can often cause uncertainty and volatility in a company's stock. However, in this case, the extension of the CEO's contract and the appointment of a new CFO from within the company could signal stability and continuity, which could be viewed positively by investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100