EOS Energy falls on CFO Eric Javidi's termination

Eos Energy Enterprises

27/05/2025 16:53

** Shares of energy storage systems provider EOS Energy EOSE.O fall 11.7% to $5.63

** Company terminates Chief Financial Officer Eric Javidi, effective immediately

** Javidi's termination "was not related to the company's financial or operating results or to any disagreements or concerns regarding the company's financial or reporting practices" - EOSE said in a statement

** CFO was terminated "without cause" under the terms of his offer letter

** EOSE appoints chief commercial officer and former CFO Nathan Kroeker as interim CFO

** Including session's moves, shares are up 16.7% YTD

 (Reporting by Katha Kalia in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com))