Scotts Miracle-Gro CFO Resigns

On Monday, fertilizer and seed seller Scotts Miracle-Groannounced that Chief Financial Officer Dave Evans has resigned from the company to take a similar job at Columbus-based Battelle, "the world's largest nonprofit research and development organization."

In a public statement, Evans described his mixed emotions leaving Scotts but that the opportunity to take a dream job with an organization boasting "a commitment to science and technology for the greater good" appeared too strong to resist. Nevertheless, Evans says he will remain with Scotts until it has filed its Q1 earnings report in mid-February and will furthermore work "actively" to help the company locate and hire his replacement and provide for "an orderly transition."

Scotts shares tumbled on the news regardless, ending the day down 3.7% at $44.01.

The article Scotts Miracle-Gro CFO Resigns originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Scotts Miracle-Gro. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.