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Stock impact report

Following a Planned Succession Process, Envela Appoints John DeLuca as Chief Financial Officer [Yahoo! Finance]

Envela Corporation (ELA) 
Company Research Source: Yahoo! Finance
the "Company"), announced today that after seven years as the Company's Chief Financial Officer, Bret Pedersen is stepping down. Following a planned succession process, John DeLuca will be appointed as the new CFO, beginning March 25, 2024. DeLuca currently serves as the company's Vice President of Finance and Commercial Segment Controller. As CFO, he will report directly to Envela's CEO, John Loftus. Pedersen will transition to a new role within Envela, serving as Vice President and Strategic Advisor until the end of 2024. Loftus said of Pedersen, "Bret has been an exceptional CFO, contributing significantly to Envela's success. His leadership during challenging times, including the pandemic, has been instrumental in maintaining our solid foundation. And during the past year, Bret has diligently prepared DeLuca for his new role." Reflecting on his tenure, Pedersen said, "serving as Envela's CFO for the past seven years has been an honor. I am especially proud of our achievement Show less Read more
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