Leadership changes, especially at the CEO and CFO level, can have a significant impact on a company's strategy and investor confidence. The immediate appointment of Massimo Calafiore as CEO and President may be viewed positively if the market perceives him as a strong leader. The appointment of a new CFO, Julie Andrews, well in advance, provides transparency and may be seen as a sign of a well-planned succession strategy, which can also be positive for investor sentiment.