Angus Smith Has Notified Affimed Of His Intention To Resign As The CFO Effective As Of December 31, 2023. Arndt Schottelius Has Also Notified His Intention To Resign As The Chief Scientific Officer Effective As Of The End Of May 2024
Portfolio Pulse from Benzinga Newsdesk
Angus Smith, CFO of Affimed, and Arndt Schottelius, Chief Scientific Officer, have both announced their intentions to resign from their respective positions. Smith's resignation is effective as of December 31, 2023, while Schottelius plans to step down by the end of May 2024.
November 30, 2023 | 12:06 pm
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NEGATIVE IMPACT
The announced resignations of CFO Angus Smith and CSO Arndt Schottelius may lead to uncertainty among investors regarding Affimed's leadership and future direction.
C-level executive resignations can often lead to short-term negative sentiment among investors due to concerns about stability and strategic continuity. The impact may be mitigated if the company provides a clear succession plan or if the resignations are viewed as part of a positive restructuring.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90