Insulet Says Wayde McMillan Has Decided To Step Down As Executive Vice President, CFO And Treasurer, Effective October 20, 2023
Portfolio Pulse from Benzinga Newsdesk
Insulet's Executive Vice President, CFO and Treasurer, Wayde McMillan, has decided to step down effective October 20, 2023. He will join 3M as CFO of its Health Care business, which is planned to be spun off into an independent company. Lauren Budden will assume the additional responsibilities of Interim CFO and Treasurer at Insulet until a permanent successor is appointed.
October 03, 2023 | 8:19 pm
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NEGATIVE IMPACT
Insulet's CFO, Wayde McMillan, is stepping down, which could lead to short-term uncertainty. Lauren Budden will serve as Interim CFO, providing some continuity.
CFO changes can lead to short-term uncertainty as investors assess the impact of the change on the company's financial strategy. However, the appointment of an interim CFO provides some continuity, which may mitigate some concerns.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
3M's Health Care business, which is planned to be spun off, will have Wayde McMillan as its CFO. This could bring stability and confidence to the new entity.
The appointment of a seasoned executive like Wayde McMillan as CFO could bring stability and confidence to 3M's Health Care business, especially as it is being spun off into an independent entity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75