Kornit Digital (KRNT) announced a CFO transition and a new $100M share repurchase authorization, reinforcing its continued focus on profitable growth, operational excellence, and creating long-term value for its shareholders. Kornit announced the planned transition of its Chief Financial Officer, as Lauri Hanover has decided, for personal reasons, to step down from her position. Hanover will remain the Company’s Chief Financial Officer through mid-December 2025 to ensure a smooth and effective transition. Kornit also announced that its Board of Directors has authorized a new share repurchase program of up to $100 million. It builds on the $165 million in share repurchases executed since 2023 and underscores Kornit’s commitment to disciplined capital allocation and enhancing value for its shareholders
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Read More on KRNT:
- Kornit Digital price target lowered to $20 from $25 at Needham
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