Finward Bancorp Said On Dec 1, Peymon S. Torabi, CFO And Treasurer Of Finward Bancorp Announced His Intention To Resign; Robert T. Lowry Named Interim CFO And Treasurer Effective January 1, 2024
Portfolio Pulse from Charles Gross
Finward Bancorp announced that CFO and Treasurer Peymon S. Torabi intends to resign. Robert T. Lowry will take over as Interim CFO and Treasurer starting January 1, 2024.
December 07, 2023 | 9:40 pm
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Finward Bancorp's CFO Peymon S. Torabi has announced his resignation, with Robert T. Lowry named as the Interim CFO and Treasurer effective January 1, 2024.
C-suite changes, especially involving financial officers, can lead to uncertainty among investors and potentially affect the company's stock price negatively in the short term. The appointment of an interim CFO may be viewed as a temporary solution, which could further contribute to investor concerns until a permanent replacement is announced.
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