- Qurate Retail Group, part of Qurate Retail Inc (NASDAQ:QRTEA), said its Chief Financial Officer Jeffrey A. Davis has resigned from the company.
- The Group has appointed James Hathaway as its interim CFO.
- Hathaway joined Qurate Retail Group in May 2021 as Senior Vice President to lead finance for its largest reporting unit, QxH.
- Qurate Retail Group also announced the creation of a Chief Transformation Officer role with the primary focus to accelerate the implementation of Project Athens, a three-year plan to stabilize revenue, expand adjusted OIBDA margin and generate incremental free cash flow.
- William Hunter has been promoted to Chief Transformation Officer from Senior Vice President, Business Transformation & Shared Services, to lead the transformation.
- Price Action: QRTEA shares are trading lower by 5.21% at $3.37 on the last check Wednesday.
‘Senator Schumer is telling senators to prepare for floor vote as early as TUESDAY to start moving CHIPS, per source familiar. Would include the $52B for semiconductors plus investment tax credit from the FABS Act….’ -CNBC Reporter Tweet
https://twitter.com/ylanmui/status/1547631909592653828?s=20&t=kO5S-dxubhjW8z2ZQWgKsw
