Figs Stock Falls After CFO Announces Retirement

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Figs Stock Falls After CFO Announces Retirement
Credit: © Reuters.

By Sam Boughedda

Investing.com — Healthcare apparel brand Figs Inc (NYSE: FIGS ) announced that its Chief Financial Officer, Jeffrey Lawrence, has decided to retire and depart the company effective Dec. 24.

Lawrence stepped out of retirement in December 2020 to join Figs and lead its initial public offering earlier this year. According to his LinkedIn profile, prior to his time at Figs, Lawrence spent 20 years at Domino's, undertaking various senior roles before leaving after five years as executive vice president and CFO. 

Figs stock is down 19.5% to $25.58 following the Friday morning announcement, after earlier falling to $24.21, its lowest price since the May IPO.

Daniella Turenshine, the company's current Senior Vice President of Finance and Strategy, has been appointed to replace Lawrence as Chief Financial Officer. Daniella joined Figs in 2018, leading its finance team for over two years before Lawrence joined.

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