Microvast Holdings (MVST) has shared an update.
Effective April 10, 2024, Craig Webster will step down as CFO of Microvast Holdings and assume a non-executive Special Advisor role. His departure as CFO does not stem from any disputes over the company’s financial practices. Under a transition services agreement, Webster will offer advisory services until April 10, 2025, and receive a monthly salary, a lump-sum payment, and a prorated incentive payout. He remains eligible for company benefits and will have his stock options and units vest post-separation, subject to certain conditions.
For an in-depth examination of MVST stock, go to TipRanks’ Stock Analysis page.
