Velo3D's CEO Benny Buller Steps Down Effective Immediately; Company Appoints Brad Kreger As Interim CEO, Says It Has Commenced Search For Permanent CEO
Portfolio Pulse from Benzinga Newsdesk
Velo3D's CEO Benny Buller has stepped down from his position effective immediately. The company has appointed Brad Kreger as the Interim CEO and has begun the search for a permanent replacement. This sudden leadership change may affect the company's strategic direction and investor confidence in the short term.
December 15, 2023 | 1:04 pm
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The immediate resignation of Velo3D's CEO Benny Buller and the appointment of Brad Kreger as Interim CEO could lead to uncertainty among investors, potentially affecting VLD's stock price in the short term.
CEO transitions can lead to periods of uncertainty and volatility in a company's stock price, as investors may be concerned about potential changes in company strategy and leadership effectiveness. The immediate nature of the resignation suggests a lack of a transition period, which can increase the uncertainty factor.
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