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Investing.com -- SharkNinja Inc. (NYSE:SN) stock declined 5% on Thursday following the announcement that Chief Financial Officer Patraic Reagan will resign effective September 5, 2025.
The company disclosed in a Securities and Exchange Commission filing that Reagan notified SharkNinja of his decision on August 26. The company emphasized that his departure is not the result of any dispute or disagreement with the company or its Board of Directors, including matters relating to operations, policies, accounting practices, or financial reporting.
SharkNinja’s Board of Directors has appointed Adam Quigley to serve as interim CFO, effective immediately upon Reagan’s departure. Quigley, who joined the company in 2015, has been serving as SVP Finance – Global Business Planning since September 2024.
Quigley brings significant experience within the company, having previously held positions as SVP Finance – Global FP&A, Strategic Finance from June 2022 to September 2024 and as VP Finance – FP&A from December 2019 to June 2022.
The market reaction suggests investors are concerned about the leadership transition at the household appliance manufacturer, despite the company’s efforts to ensure continuity with an internal appointment.
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