Organigram Names Paolo De Luca As Interim CFO; Derrick West To Transition Away From His Role As CFO To Take Time To Focus On His Health And Recovery Following Surgery Later This Month
Portfolio Pulse from Benzinga Newsdesk
Organigram has appointed Paolo De Luca, the current Chief Strategy Officer, as interim CFO effective November 13, 2023. This comes as Derrick West, the current CFO, is transitioning away from his role to focus on his health and recovery following surgery. The company is in the process of searching for a new permanent CFO.
November 10, 2023 | 11:02 am
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Organigram's CFO, Derrick West, is stepping down for health reasons. Paolo De Luca, the current Chief Strategy Officer, will serve as interim CFO while the company searches for a permanent replacement.
Changes in key management positions, such as CFO, can create uncertainty among investors and potentially impact the company's stock price. However, since the company has appointed an interim CFO who has previously served in the role, this may mitigate some of the potential negative impact. The company's ability to quickly find a suitable permanent CFO will be key in determining the longer-term impact on the stock.
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