Figs Inventory Falls After CFO Proclaims Retirement By

© Reuters.

By Sam Boughedda — Healthcare attire model Figs Inc (NYSE:) introduced that its Chief Monetary Officer, Jeffrey Lawrence, has determined to retire and depart the corporate efficient Dec. 24.

Lawrence stepped out of retirement in December 2020 to hitch Figs and lead its preliminary public providing earlier this 12 months. In response to his LinkedIn profile, previous to his time at Figs, Lawrence spent 20 years at Domino’s, enterprise numerous senior roles earlier than leaving after 5 years as govt vice chairman and CFO. 

Figs inventory is down 19.5% to $25.58 following the Friday morning announcement, after earlier falling to $24.21, its lowest worth for the reason that Could IPO.

Daniella Turenshine, the corporate’s present Senior Vice President of Finance and Technique, has been appointed to switch Lawrence as Chief Monetary Officer. Daniella joined Figs in 2018, main its finance crew for over two years earlier than Lawrence joined.

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