Energous Named Mallorie Burak As CFO, Effective January 15; Replacing Susan Kim Van-Dongen
Portfolio Pulse from Charles Gross
Energous Corporation (NASDAQ:WATT), a leader in RF-based wireless power network solutions, has appointed Mallorie Burak as its new CFO effective January 15, 2024. She replaces Susan Kim van-Dongen, who stepped down from the interim CFO position on the same date.
January 16, 2024 | 10:15 pm
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Mallorie Burak has been appointed as the new CFO of Energous Corporation, replacing Susan Kim van-Dongen effective January 15, 2024.
CFO changes are significant for a company's financial strategy, but as this is a planned transition and not a result of a scandal or unexpected event, the short-term impact on WATT's stock price is likely to be neutral. Investors typically watch for any strategic shifts or policy changes that the new CFO might bring, which could take time to materialize.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100