Corvex rises after naming ex‑Morgan Stanley banker Moreland as CFO

Morgan Stanley

Tue 14:56

** Shares of AI cloud computing firm Corvex MOVE.O rise 5.4% to $20.40 
** Co says it appointed Christopher Chance Moreland as chief financial officer, effective June 29
** Says Moreland joins from Morgan Stanley, where he worked in leveraged and acquisition finance
** MOVE says his experience will help expand GPU infrastructure and raise funds as demand for AI computing grows
** CEO says his capital markets expertise will support data center expansion and software investment
** Says hire underscores focus on building financial strength to back rapid AI-driven growth
** Including session's move, stock up about threefold YTD

 (Reporting by Sahil Pandey in Bengaluru)
 ((Sahil.Pandey@thomsonreuters.com))