Yeti falls as 'financial steward' resigns as CFO

YETI Holdings

23/09/2022 14:52

** Shares in Yeti Holdings  YETI.N  fall 5.1% to a
more-than-two-year low of $30.68
    ** Yeti says Chief Financial Officer Paul Carbone has
resigned effective Oct. 28 to return to Boston to pursue a
business opportunity that will allow him to be closer to family
    ** Carbone, an excellent communicator and financial steward,
is well-liked by the investment community, Stifel analyst Jim
Duffy writes in a note, adding the brokerage is disappointed to
see him leave and expects his exit to create uncertainty
    ** Carbone has been Yeti's finance chief for its first four
years as a public entity
    ** Duffy adds Yeti, under Carbone's financial leadership,
established the financial infrastructure to operate as a public
entity, navigated a period of breakout growth through supply
chain challenges and established strong credibility with the
investment community
    ** Yeti and its board have commenced a search for a new CFO
    ** Through last close, shares had lost nearly 61% of their
value this year
 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))