Vancouver, WA-based Nautilus needs a new CFO.
Thursday evening, Nautilus announced that Chief Financial Officer Linda Pearce will be resigning effective July 2 in order to take a new job as CFO of the Tillamook County Creamery Association, a large dairy cooperative located in Tillamook, OR.
In a statement, Pearce described her decision to leave Nautilus as reluctant, but said she had been "presented with an unexpected opportunity," and decided to take it. Nautilus is already searching for a replacement CFO.
Nautilus shares have more than doubled since Pearce joined the company last August. News of her departure helped to send the shares down 3.3% in Friday trading, to close at $7.98.
The article Nautilus CFO Resigns originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.