Phunware Announces CEO Mike Snavely's Retirement, Appoints Stephen Chen As Interim CEO Effective October 22, 2024
Portfolio Pulse from Benzinga Newsdesk
Phunware has announced the retirement of its CEO, Mike Snavely, and the appointment of Stephen Chen as the interim CEO, effective October 22, 2024.
October 24, 2024 | 1:00 pm
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Phunware's CEO Mike Snavely is retiring, and Stephen Chen will take over as interim CEO starting October 22, 2024. This leadership change could impact the company's strategic direction.
The retirement of a CEO and appointment of an interim CEO can lead to uncertainty regarding the company's future strategy and operations. However, as this is a planned transition, the immediate impact on stock price may be neutral unless further strategic changes are announced.
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