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Aveanna Healthcare Holdings Inc (NASDAQ:AVAH), whose stock has fallen 89% year to date, said it was appointing a new CEO – current COO Jeff Shaner – and that current CEO Tony Strange would retire at the end of the year.
Shaner said, “I am looking forward to this new leadership role as CEO and further building on the rock-solid commitment we have to clinical excellence and value creation here at Aveanna.” Shares were up 6.9% for the week.
Honest Company Inc (NASDAQ:HNST) jumped Tuesday on news it had appointed as CEO Carla Vernón, former Amazon (NASDAQ:AMZN) and General Mills (NYSE:GIS) executive, effective January 9, 2023. The company said, “The move is part of a strategic leadership succession plan, as current CEO Nick Vlahos will step down from day-to-day operations after a near six-year tenure and remain on the Board of Directors at Honest.”
Shares gained 11% for the session and were up 4.1% for the week.
Jeld-Wen Holding Inc (NYSE:JELD) lost 5% after announcing a new CEO, William Christensen, after former CEO Gary Michel resigned earlier this year. Christensen takes over from interim CEO Kevin Lilly.
Board Chair David Nord said, “Bill’s understanding of our organization, prior CEO experience in the building products industry and proven ability to lead transformation in global manufacturing businesses make him the right choice.”
Gold Fields (NYSE:GFI) said Chris Griffith will step down from the Board of Directors and as CEO, effective 31 December 2022. Martin Pierce will take over as CEO.
In a statement on Griffith’s departure, company spokesperson Yunus Suleman said, “We were all disappointed that the Yamana deal did not go through, as we felt it was a compelling deal which would have created a strong company and created value for all our shareholders.” Gold Field shares lost 5.2% for the week.
Turning to hedge funds, famed “Big Short” investor Michael Burry tweeted this midweek: “Early 2002, investors were asking me why i wasn’t buying WorldCom. Feels like that now.”
Crown Holdings (NYSE:CCK), Inc. announced that it has agreed with Carl Icahn’s firm to name two new independent directors: Jesse Lynn and Andrew Teno, General Counsel of Icahn Enterprises and Portfolio Manager of Icahn Capital, respectively, will join the Company’s Board of Directors, effective immediately.
Icahn Enterprises owns 8.5% of Crown’s outstanding common stock. Shares were popped 2.8% at Tuesday’s open on the news. They were up marginally for the week.
Separately, Fir Tree and Viceroy are among the firms that have bets against Tether, according to Bloomberg.
Also per Bloomberg, Brevan Howard dodged the worst of the crypto rout but still lost about 5%.
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