The Shyft Group, Inc. (SHYF), a renowned manufacturer of specialized vehicles, announced on Thursday that Jon Douyard has decided to resign from his position as Chief Financial Officer (CFO) after five years of commendable leadership to explore opportunities in a different industry. Douyard will maintain his responsibilities as CFO until December 31 to ensure a seamless transition.
The company has initiated a search for a new CFO, enlisting the services of an independent executive recruitment firm. They are considering both internal and external candidates for the position.
In a statement, Jon Douyard expressed his confidence in the team, stating, "I am confident this team is well-equipped to continue driving Shyft's growth and success."
The SHYF stock closed on Wednesday at $13.42, marking an increase of 0.60%. However, in pre-market trading today, the stock has decreased by 5.07%, valued at $12.74.
