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PZZA

Papa John's has appointed Todd Penegor as its new President and CEO, effective immediately. Penegor, who was previously the CEO of The Wendy's Company, will also join the Board of Directors. Ravi Thanawala, the Interim CEO since March 2024, will continue as CFO.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:38 am

ABUS

Arbutus Biopharma (ABUS) will cease discovery efforts and discontinue its IM-prove 3 clinical trial to focus on Imdusiran and AB-101. The company will reduce its workforce by 40% and incur a one-time restructuring charge of approximately $3M-$4M in Q3 2024. These changes, along with ongoing cost management, are expected to fund operations into Q4 2026. Litigation updates include a trial date set for April 21, 2025, against Moderna and ongoing litigation against Pfizer/BioNTech.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:35 am

LTH

Life Time has appointed Erik Weaver as its new CFO, effective August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:27 am

DRVN

Driven Brands has appointed Michael Diamond as Executive Vice President and CFO, effective August 9, 2024. Joel Arnao, who has been serving as Interim CFO since May 2024, will continue in his role as Senior Vice President, FP&A, Investor Relations, and Treasury.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:21 am

NRG

NRG Energy has appointed Lawrence Coben as President and CEO. Coben has been serving as Interim CEO since November 2023 and will continue as Chair of the Board.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:19 am

WW

WW International announced a reduction in force plan that will eliminate certain positions and terminate employment for some employees worldwide. The company expects to record restructuring charges between $12 million to $15 million in the second half of fiscal 2024 and anticipates $100 million in annual run-rate cost savings from the restructuring plan.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 11:10 am

MMM

3M has appointed Anurag Maheshwari as its new Executive Vice President and CFO, effective September 1, 2024. Teri Reinseth will serve as Interim CFO starting August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:41 am

AULT

Ault Alliance plans to focus on its AI data center business, rebranding itself as Hyperscale Data, Inc. and changing its ticker symbol to GPUS.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:37 am

ZAPP

Zapp EV has appointed David Mcintyre as its new Chief Operating Officer, effective immediately. Mcintyre, who was previously the Chief Commercial Officer, has a strong background in scaling operations for luxury and performance automotive brands. This move comes as Zapp prepares to expand its operations to additional countries in Europe and Asia.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:14 am

MPLN

Multiplan announced a CFO transition plan, naming Doug Garis as the new EVP and CFO, effective August 5, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:05 am