PowerFleet taps insider to be interim finance chief, shares edge up

Powerfleet

07/04/2022 14:59

** Shares of online logistics co  PWFL.O  up 1.2% at $2.88
    ** Co names insider Joaquin Fong as interim chief of finance
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    ** Fong to replace CFO Ned Mavrommatis, who will leave co on
May 15, PWFL says
    ** Co says Mavrommatis could choose to stay beyond May 15 to
help with transition, until PWFL names new permanent CFO
    ** Shares have lost nearly 40% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))