Advasa Appoints William Witherspoon as CFO
Advasa Holdings (ADBT) announced the appointment of William Witherspoon as Chief Financial Officer, effective October 6. Witherspoon previously served on Advasa’s board since June and brings extensive experience in asset acquisitions, financing, real estate development, and financial advisory services. Grady Ryther has stepped down from his role as interim CFO but will continue to serve as CEO of the company. Following his promotion to CFO, Witherspoon will remain a non-independent director on Advasa’s board after resigning from several committees including Audit, Compensation, and Nominating and Corporate Governance. The stock reacted negatively in response to this announcement, with shares declining by 1.29%.
Tickers: $ADBT
Topics: board restructuring CFO appointment executive change