Stock Groups

Figs Stock Falls After CFO Announces Retirement -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Healthcare apparel brand Figs Inc (NYSE 🙂 today announced that Jeffrey Lawrence has decided to leave the company as Chief Financial Officer.

Lawrence stepped down from retirement in December 2020 and joined Figs, where he was also the leader of its first public offering. LinkedIn shows Lawrence’s 20-year career at Domino’s before he joined Figs. There he held several senior positions and was then promoted to executive vice president and chief financial officer. 

After earlier falling to $24.21, Figs shares are now down 19.5% at $25.58.

Lawrence has been replaced by Daniella Turenshine as the Chief Financial Officer. Daniella Turenshine joined Figs as its Senior Vice President of Finance and Strategy in 2018. She has led the company’s finance team for two years prior to Lawrence joining.

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