Curtiss-Wright CFO Steps Down, Controller Takes Interim Role
CW is trading near its 52-week low of $521.66 (6.1% above the low).
Summary
CFO K. Christopher Farkas will retire at year-end, with Corporate Controller Gary Ogilby stepping in as interim CFO. Farkas remains with the company as Executive Vice President until his retirement at calendar year-end. This follows the September announcement that COO Kevin Rayment becomes CEO on January 1, 2027, signaling a broader leadership transition. The CFO departure is unexpected and adds uncertainty around financial stewardship during a period of strong defense demand and an expanded $700M buyback program.
At the time of this announcement, CW was trading at $553.35 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $20.4B. The 52-week trading range was $521.66 to $808.16. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.