Arq Appoints Shimon Steinmetz as CFO; Chief Accounting Officer Resigns Amid Financial Challenges
ARQ sits 74% above its 52-week low of $1.54 on light trading volume (0.3× avg).
Summary
Arq, Inc. has appointed Shimon Steinmetz as its new Chief Financial Officer, while Chief Accounting Officer Stacia Hansen is set to resign on June 12, 2026. This significant overhaul of the financial leadership team comes after a series of negative financial reports, including substantial net losses in Q4 2025 and Q1 2026, a $45 million impairment charge, and a halt in GAC production. The new CFO will be tasked with navigating the company's ongoing financial challenges and implementing strategies for stability.
At the time of this announcement, ARQ was trading at $2.68 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $115M. The 52-week trading range was $1.54 to $7.89. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.