Pacira BioSciences Names Paul Hastings, Lead Independent Director, As Chair Of Board, Effective January 2, 2024
Portfolio Pulse from Benzinga Newsdesk
Pacira BioSciences has appointed Paul Hastings as the new Chair of the Board, effective January 2, 2024. David Stack, the current CEO and Chairman, will retire on January 1, 2024, but will stay on as an advisor until August 2025.
December 21, 2023 | 12:34 pm
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Paul Hastings is set to become the Chair of the Board for Pacira BioSciences, with David Stack retiring but continuing as an advisor.
Leadership changes can have an impact on company strategy and investor confidence. However, since the transition appears to be planned and Stack will remain as an advisor, the immediate impact on the stock price is likely to be neutral. The market typically prefers smooth transitions without abrupt changes in leadership.
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