Domo Says David Jolley Will Step Down As CFO Due To Personal Health Challenges; Tod Crane To Be Promoted To CFO
Portfolio Pulse from Benzinga Newsdesk
Domo announced that David Jolley will step down as CFO due to personal health challenges, with Tod Crane being promoted to CFO. Jolley will transition out of the role at the end of Domo's third quarter and continue as a Senior Advisor.
August 29, 2024 | 10:01 pm
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NEUTRAL IMPACT
Domo's CFO David Jolley is stepping down due to health issues, with Tod Crane being promoted to CFO. This leadership change may impact investor confidence and financial operations.
The transition of a CFO can affect investor confidence and the company's financial operations. However, since Tod Crane has been with Domo since 2015 and has worked closely with Jolley, the impact may be mitigated. Jolley's continued role as a Senior Advisor also provides stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100