Bogota Financial Says Joseph Coccaro Is Retiring As Director, President And CEO, Effective As Of November 30, 2023; Kevin Pace Named As Successor
Portfolio Pulse from Benzinga Newsdesk
Bogota Financial Corp. has announced that Joseph Coccaro will retire as Director, President, and CEO effective November 30, 2023. Kevin Pace has been named as his successor. The transition is expected to take place smoothly with Pace taking over leadership roles.
November 29, 2023 | 11:03 pm
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NEUTRAL IMPACT
Joseph Coccaro's retirement and Kevin Pace's appointment as the new Director, President, and CEO of Bogota Financial Corp. may lead to changes in the company's strategic direction and management style.
Leadership changes can have a significant impact on a company's strategy and operations, which can affect investor sentiment and stock performance. However, since the transition appears to be planned and orderly, the immediate impact on BSBK's stock price may be neutral. Investors will be looking for signals from the new CEO regarding future direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80