Methode Electronics Says CFO Ronald Tsoumas Is Retiring From Company Effective July 12, 2024
Portfolio Pulse from Benzinga Newsdesk
Methode Electronics announced the retirement of CFO Ronald Tsoumas effective July 12, 2024. The company is searching for a successor with an executive search firm's help. If no successor is found by then, David Rawden from AlixPartners will serve as interim CFO.
April 08, 2024 | 8:06 pm
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Methode Electronics' CFO Ronald Tsoumas is retiring, with a search for a successor underway. David Rawden may serve as interim CFO.
CFO transitions are significant for companies but given the advance notice and the structured search process, the immediate impact on Methode Electronics' stock is likely to be neutral. The appointment of an experienced interim CFO, if needed, also mitigates potential negative impacts.
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