Vita Coco falls as finance head who led public listing to leave

The Vita Coco

17/06/2022 14:16

** Shares of packaged coconut water maker Vita Coco  COCO.O 
down ~3% at $10.51 before the bell 
    ** Stock on pace for second straight day of declines, if
current losses hold
    ** Says CFO Kevin Benmoussa, who joined in 2018 and oversaw
its October 2021 IPO, to step down later this year to pursue an
executive role outside of the beverage industry
    ** Benmoussa to remain at COCO until Aug. 31 to complete Q2
reporting activity 
    ** COCO to conduct formal search for new CFO
   ** Up to Thursday's close, stock had fallen ~3% YTD

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))