Inogen names Mike Sergesketter as interim CFO, shares fall

Inogen

13/12/2021 16:28

** Shares of medical device co  INGN.O  fall as much as 3.3%
to $33.34 after co announces CFO transition plan
    ** Stock last down 3.1%, on course for second straight
session of losses
    ** Co appoints Mike Sergesketter as interim Chief Financial
Officer, effective immediately
    ** Sergesketter succeeds Alison Bauerlein, who will be
staying with the co in a transitional finance role through Q1 of
2022    
    ** Sergesketter has over 40 years of experience; was the CFO
of Kimball Electronics Inc  KE.O  and retired from the co in
June this year
    ** Co says it has retained a leading executive search firm
to help with the search for a permanent replacement  urn:newsml:reuters.com:*:nBwbpqBL4a
    ** Stock down ~25% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))