Farmer Brothers (FARM) announced it has commenced a transition of its chief financial officer role. Under the transition plan, the board of directors and Chief Financial Officer Scott Drake have mutually agreed his employment with Farmer Brothers will conclude on Oct. 1 Drake will assist with the transition, including finalizing and approving the company’s fiscal year 2023 year-end reporting and filings, fiscal year 2024 budget planning and related transitional services associated with the company’s recently closed sale of its direct ship business to TreeHouse Foods (THS). The planned transition is not connected to any concerns related to the company’s fiscal 2023 financial results, which will be reported on schedule in September.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FARM:
- Farmer Brothers announces transition of chief financial officer
- Farmer Brothers names vice president, head of coffee and reports inducement grants under Nasdaq Listing Rule 5635(c)(4)
- TreeHouse Foods Completes Acquisition of Farmer Brothers’ Northlake, Texas Coffee Facility
- Farmer Brothers announces close of sale of its direct ship business and Northlake, Texas facility to TreeHouse Foods
