Figs Stock Falls After CFO Announces Retirement

By Sam Boughedda

Investing.com — 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 affix Figs and lead its preliminary public providing earlier this 12 months. In accordance with his LinkedIn profile, previous to his time at Figs, Lawrence spent 20 years at Domino’s, enterprise varied senior roles earlier than leaving after 5 years as govt vp and CFO. 

Figs inventory is down 19.5% to $25.58 following the Friday morning announcement, after earlier falling to $24.21, its lowest value because the Might IPO.

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