WALD - Waldencast's (WALD) CFO/COO Gautier Abruptly Exits Amid SEC's Investigation into Company's Improper Accounting - Hagens Berman | Benzinga
SAN FRANCISCO, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ:WALD) investors who suffered substantial losses to submit your losses now.
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Waldencast plc (NASDAQ:WALD) Investigation:
On Jan. 31, 2024, Waldencast announced that Philippe Gautier, its current chief financial officer and chief operating officer, was leaving the company, effective immediately. The company named Manuel Manfredi, an outsider, as its new CFO.
The C-Suite reshuffle follows a string of financial reporting missteps, beginning first on July 5, 2023, when Waldencast announced that it would need to restate its financial statements for all of 2021 and for the first two quarters of 2022.
The company explained that the misreporting stemmed from improper revenue recognition involving sales of its Obagi skincare products to its Southeast Asia distributor. Among other ...
WALD) CFO/COO Gautier Abruptly Exits Amid SEC's Investigation into Company's Improper Accounting - Hagens Berman>Full story available on Benzinga.com