Streetbeat News

Labor Issues

UFPT

UFP Technologies, Inc. (NASDAQ:UFPT) announced Mitchell Rock's appointment as President, with R. Jeffrey Bailly continuing as Chairman and CEO. Rock, previously President of the MedTech business, is recognized for his significant contributions and strategic insights within the company and industry. His new role expands his leadership to include the Advanced Components business.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:20 pm

PAHC

Phibro Animal Health Corporation (NASDAQ:PAHC) announced Glenn C. David as the new Chief Financial Officer effective February 9, 2024. David, with over 30 years of experience and a strong background from Zoetis Inc. and Pfizer Inc., is expected to drive financial discipline and shareholder value. Richard Johnson, the interim CFO since September 29, 2023, will assist in the transition.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:37 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) announced the stepping down of CFO Richard Galanti effective March 15, 2024, and the appointment of Gary Millerchip as the new CFO from the same date. Millerchip, with extensive retail and finance experience, previously served as CFO at The Kroger Co. Galanti will remain in an advisory role until January 2025 and continue on the Board of Directors. Costco operates 874 warehouses globally and has e-commerce sites in multiple countries.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:33 pm

ALLG

Allego N.V. (NYSE:ALLG), a leading pan-European electric vehicle charging network, announced the departure of its CFO, Ton Louwers, effective June 30, 2024. Louwers is leaving to pursue new opportunities after helping take the company public and improving its financial and operating performance. Allego has begun an external search for a new CFO. CEO Mathieu Bonnet praised Louwers for his contributions, especially in professionalizing the finance function and navigating challenges pre and post-IPO.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:12 pm

DOCU

DocuSign shares are trading lower following the announcement of a restructuring plan that includes a 6% reduction in its workforce.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:10 pm

DOCU

DocuSign has announced a restructuring plan that includes a 6% reduction in its workforce, primarily affecting the sales and marketing organizations. The company estimates that this will result in charges of between $28 million and $32 million.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:09 pm

RLYB

Rallybio announced a strategic portfolio prioritization focusing on Phase 2-ready programs RLYB212 and RLYB116, alongside a 45% workforce reduction aimed at extending its cash runway into mid-2026.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:06 pm

CHKP

Gil Shwed, the founder and CEO of Check Point Software, announced the initiation of a succession process to hire a new CEO. Shwed plans to transition to the role of Executive Chairman, focusing on charting the future of Check Point and the cybersecurity market.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:39 am

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

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