Light & Wonder CFO Connie James Exits – C-Suite Transitions
Situations where multiple strategies we follow start to overlap are not all that common but you run across them from time to time if you are paying close attention. One such situation was the acquisition of Biohaven (BHVN) by Pfizer (PFE) last year and the subsequent spinoff of the non-migraine pipeline of Biohaven into a separate company.
When reviewing the list of management transitions earlier this week, Light & Wonder (LNW) popped up as another one of those situations. The company:
- saw insider buying by a director in May
- is buying back its own stock
- recently made an offer to acquire another company in which it already holds a majority stake and
Welcome to edition 48 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.
Sudden Departures
- WLMS: On June 26, 2023, Williams Industrial Services Group Chief Financial Officer Damien A. Vassall notified the company of his intent to resign, effective June 30, 2023.
- DIBS: On June 26, 2023, 1stdibs.com Chief Technology Officer Ross Paul would be terminated as part of the workforce reduction, effective June 30, 2023.
- FIBK: On June 28, 2023, First Interstate BancSystem Chief Information Officer Scott E. Erkonen notified the company that he was departing for personal reasons effective immediately, and under circumstances enabling him to receive severance under his employment agreement with the registrant as if it were a resignation for “Good Reason”.
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