Coherus BioSciences CFO McDavid Stilwell Resigns To Pursue Other Opportunities
Portfolio Pulse from Benzinga Newsdesk
Coherus BioSciences CFO McDavid Stilwell has resigned to pursue other opportunities. The company plans to appoint an interim Principal Financial Officer by late December 2023 or early January 2024 and is searching for a new CFO.
December 07, 2023 | 10:57 pm
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NEGATIVE IMPACT
The resignation of Coherus BioSciences CFO McDavid Stilwell may lead to temporary uncertainty regarding the company's financial leadership. An interim CFO will be appointed soon, with a search for a permanent CFO underway.
CFO departures can cause short-term uncertainty and potentially affect investor confidence, as the CFO plays a critical role in financial strategy and reporting. The announcement of an interim CFO and the search for a new one may mitigate some concerns, but the impact is generally negative in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100