CTO Realty Growth Announces Chief Financial Officer Matthew M. Partridge, Has Resigned From The Company, Effective As Of April 1, 2024
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth, Inc. (NYSE:CTO) announced the resignation of its CFO, Matthew M. Partridge, effective April 1, 2024, to join a new venture outside the REIT industry. The company has started searching for a new CFO. Partridge will assist during the first quarter reporting period for a smooth transition. President and CEO John P. Albright praised Partridge's contributions, highlighting the development of a strong finance team now led by Lisa Vorakoun, VP and Chief Accounting Officer.
February 28, 2024 | 9:59 pm
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CTO Realty Growth's CFO Matthew M. Partridge has resigned to pursue a new opportunity, effective April 1, 2024. The company is searching for a new CFO, with Lisa Vorakoun providing interim leadership.
CFO resignations can lead to short-term uncertainty and potential investor concern about financial leadership and strategic direction, possibly affecting stock price negatively. However, the company's proactive approach in searching for a new CFO and the interim leadership of Lisa Vorakoun may mitigate some concerns.
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