Lexicon Pharmaceuticals Announces Departure Of President And Chief Operating Officer, Effective September 30, 2024. A Search For A New Chief Financial Officer Is Ongoing.
Portfolio Pulse from Benzinga Newsdesk
Lexicon Pharmaceuticals announced the departure of its President and COO, Jeff Wade, effective September 30, 2024. The company is also searching for a new CFO.
September 16, 2024 | 12:17 pm
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Lexicon Pharmaceuticals' President and COO, Jeff Wade, will step down in September 2024. The company is also searching for a new CFO, indicating potential leadership changes.
The departure of a long-serving executive like Jeff Wade could lead to uncertainty in the short term, but the impact on stock price is neutral as the change is planned for 2024, giving the company time to manage the transition. The ongoing CFO search suggests further leadership restructuring.
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