Pagaya Announces CFO Transition; Michael Kurlander To Depart As CFO; Evangelos Perros Appointed Interim CFO
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies, Ltd. (NASDAQ:PGY) announced a CFO transition with Michael Kurlander stepping down to pursue an outside opportunity. Evangelos Perros, previously Deputy CFO, has been appointed as Interim CFO while the company searches for a permanent successor. Kurlander will remain in an advisory role through the end of the year to support the transition. The company has engaged an executive recruitment firm for the search. CEO Gal Krubiner praised Kurlander's contributions and expressed confidence in Perros's ability to achieve strategic and financial goals.
November 27, 2023 | 4:48 am
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Michael Kurlander has stepped down as CFO of Pagaya Technologies, with Evangelos Perros taking over as Interim CFO. The company is actively searching for a permanent CFO, indicating a period of transition in its financial leadership.
CFO transitions can lead to uncertainty, but the appointment of an experienced interim CFO and the advisory role of the outgoing CFO may mitigate negative impact. The market's reaction will depend on perceptions of the interim CFO's capabilities and the strategic direction of the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100