Vinco Ventures (NASDAQ: BBIG) shareholders lost ground to the market on Wednesday, with the stock dropping 13% by 1 p.m. EDT. The tech-focused acquisitions specialist announced a surprise management shake-up.
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The company has appointed a new CEO and CFO, with Lisa King now stepping into the top management position. King has 25 years of experience as a senior marketing and branding officer, according to a filing with the SEC. She replaces Christopher Ferguson, who had led Vinco Ventures since 2017 and is described by the company as a critical part of the management team.
For further details see:
Why Vinco Ventures Stock Just Fell 13%