Origin Materials Discloses CFO Retirement & Search For Replacement

Origin Materials Inc ORGN revealed the departure of Chief Financial Officer (CFO) Nate Whaley and initiated a search for a new CFO.

Whaley will remain at the company till September 1, 2023, and will hold an advisory role through the end of the year to assist in the transition.

This week, the company disclosed the appointment of James Stephanou to the Board of Directors, effective June 12.

Last month, the company reported Q1 2023 revenues of $1.70 million, missing the consensus of $1.73 million and EPS of $0.07, exceeding the consensus loss of $(0.11).

Price Action: ORGN shares are trading higher by 0.64% at $4.70 premarket on the last check Friday.