Arq, Inc. Appoints Interim Chief Accounting Officer and Designates Interim Principal Financial Officer
ARQ sits 84% above its 52-week low of $1.54.
Summary
Arq, Inc. appointed Peter Owino as Interim Chief Accounting Officer and designated CEO Bob Rasmus as interim Principal Financial Officer to ensure financial leadership continuity during a period of executive transition.
Key Events · Executive and Board Changes · ARQ
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Interim Chief Accounting Officer Appointed
Peter Owino, 51, has been appointed as the Interim Chief Accounting Officer, effective June 12, 2026. Mr. Owino brings over twenty years of experience in accounting, finance, and SOX compliance.
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Consulting Agreement for Interim CAO
The company entered into a consulting agreement with Princeton Business Consulting, LLC for Mr. Owino's services, with an hourly fee of $350, subject to a monthly cap of $63,000.
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Interim Principal Financial Officer Designated
Bob Rasmus, the company's President and CEO, has been designated as the interim Principal Financial Officer until Shimon Steinmetz commences his employment as the new Chief Financial Officer around July 27, 2026.
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Addresses Executive Transitions
These interim appointments provide stability in the finance department following the recent finalization of separation agreements for the former COO and CFO, and ahead of the new CFO's start date.
Analysis · ARQ · Industrial Applications And Services
Arq, Inc. has appointed an experienced Interim Chief Accounting Officer and temporarily designated its CEO as Principal Financial Officer. These actions are critical for maintaining financial reporting continuity and compliance, especially given the recent departures of the former COO and CFO, and ahead of the new CFO's official start in late July. The consulting agreement for the interim CAO, with a monthly cap of $63,000, represents a notable ongoing expense for the company.
At the time of this filing, ARQ was trading at $2.84 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $121.9M. The 52-week trading range was $1.54 to $7.89. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.