Proterra (PTRAQ) has released an update to notify the public and investors about its officers.
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On February 1, 2024, coinciding with the Powered Sale, three executives—David S. Black (CFO), Christopher L. Bailey (CBO), and Jeffrey D. Embt (CAO)—resigned from the company, while Julian R. Soell’s (COO) resignation was moved up to February 2, 2024. Concurrently, Justin Derek Pugh, previously the Chief Transformation Officer, was appointed as the Acting Chief Financial Officer, with full responsibilities and authority in this role until a permanent CFO is named. Pugh, with a robust background in finance and consulting, continues to be compensated under his existing agreement with FTI Consulting, Inc.
For further insights into PTRAQ corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.