Streetbeat News

Corporate Responsibility

KR

Gary Millerchip is stepping down as Senior Vice President and CFO of Kroger to take an executive role at another public company. Todd Foley has been appointed as the interim CFO.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:06 pm

SPCE

Virgin Galactic Holdings, Inc. (SPCE) reported to the FAA that an alignment pin detached from the mothership during the 'Galactic 06' flight. The issue, discovered during a standard post-flight review, did not pose a safety risk to the crew or vehicles. Virgin Galactic is conducting a review with the FAA, emphasizing that the flight was successful and adhered to safety protocols.

Portfolio Pulse from Charles Gross

February 05, 2024 | 10:04 pm

NTCO

Natura &Co's board has authorized management to explore the potential separation of Natura & Co Latam and Avon into two independent, publicly traded companies. This move aims to unlock further shareholder value by allowing each entity to pursue more tailored strategies with their own governance and management teams.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:50 pm

MSGE

Madison Square Garden Entertainment (MSGE) announced Michael Grau as the new Executive Vice President and CFO, starting April 1. Grau, joining from Altice USA where he was CFO, will start on February 12 as Executive Vice President, Finance.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:40 pm

GMED

Globus Medical has announced the appointment of Keith Pfeil as its new Chief Operating Officer (COO) and Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:33 pm

AAGR

African Agriculture Holdings (AAGR) announced the appointment of Michael Rhodes as CEO and Secretary, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:31 pm

HI

Hillenbrand announced a restructuring program aimed at generating annual savings of $15M, with about 50% expected to be realized within FY24. The company anticipates incurring a charge related to this program of approximately $20M in FY24.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:27 pm

TWO

Two Harbors Investment Corp. (NYSE:TWO) announced the retirement of CFO Mary Riskey, effective August 1, 2024, or until a successor is appointed. The company has begun an external search for a new CFO. President and CEO Bill Greenberg praised Riskey's contributions and wished her well in retirement.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:24 pm

FAMI

Farmmi announced that Lingge Wu has resigned as CFO, effective January 30, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:19 pm

NXST

Nexstar Media Group, Inc. (NASDAQ:NXST) announced a new policy separating the roles of Chairperson of the Board and CEO, effective after Perry Sook, the company's founder, chairman, and CEO, leaves. Sook's current contract runs until March 31, 2026, and he owns about 4.6% of Nexstar's shares. The policy aims to ensure the company's leadership continuity and is seen as beneficial for shareholders. Nexstar, founded in 1996 by Sook, has grown into America's largest local broadcasting group, with over $5 billion in revenue for the twelve months ending September 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:14 pm