Danimer Scientific's CEO And Chairman Steve Croskrey Announces Retirement, To Step Down As CEO No Later Than The End Of This Calendar Year; To Exit Chairman Position May 20, 2024; Board Appoints Richard J. Hendrix As Interim CEO And New Co Chairman
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Danimer Scientific's CEO and Chairman, Steve Croskrey, has announced his retirement and will step down as CEO by the end of the year. Richard J. Hendrix has been appointed as Interim CEO and new Co-Chairman. The Board has formed an Executive Committee to oversee the transition.
May 20, 2024 | 1:13 pm
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Danimer Scientific's CEO Steve Croskrey will retire by the end of the year, and Richard J. Hendrix has been appointed as Interim CEO and new Co-Chairman. The Board has formed an Executive Committee to manage the transition.
The retirement of a CEO and the appointment of an interim CEO can create uncertainty in the short term. However, the formation of an Executive Committee to oversee the transition may mitigate some of the potential negative impacts.
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