May 28, 2024

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Quotient Technology CFO resigns; Engaged nominee turns down board offer (NYSE:QUOT)



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Quotient Know-how (NYSE:QUOT) suggests its main fiscal officer is exiting.

Pamela Strayer resigned from the company effective April 5, to treatment for a family member, according to an SEC submitting.

She’ll supply transition and consulting providers to make sure a sleek transition to a new CFO, which Quotient expects to announce in the close to phrase.

That is a second superior-profile transition announcement in the company’s C-suite, soon after past Thursday’s news that Steven Boal would retire as chief executive officer by the conclude of 2022, to be succeeded by latest Main Engineering Officer Matthew Krepsik.

The enterprise also notes in its roundup that boardmember Christy Wyatt has stepped down from the board, and the board appointed Eric Higgs to serve as a Class I director. And it’s separating the roles of CEO and board chair impartial director Robert McDonald now chairs the board.

It has formed a strategic board committee to review all features of the enterprise, “together with its technique, monetary system and options for expansion and shareholder price development.”

Meanwhile, the firm extended a board membership give to Matthew O’Grady – one particular of two candidates nominated by activist fund Engaged Cash – issue to Engaged withdrawing its nomination detect. But O’Grady has turned down that offer, Quotient says. Engaged put ahead Christopher Hetrick and O’Grady for board seats at the beginning of March.


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