Wed, Aug 14, 9:03 PM (153 days ago)
Zomedica Corp. reported the resignation of Chief Financial Officer Peter Donato, effective August 15, 2024. In his absence, Michael Zuehlke, currently Vice President of Finance and Corporate Controller, will oversee accounting and finance operations. Donato has entered into a Consulting Agreement to assist with transition services for three years, initially receiving 25% of his base salary for limited hours, transitioning to an hourly rate thereafter. Additionally, a Separation Agreement was executed, entitling Donato to reimbursement for employment-related expenses and reaffirming his confidentiality and non-disparagement commitments. These leadership changes may impact Zomedica's operational stability and financial management during the transition period. The company is actively searching for a new CFO, which could influence investor confidence and stock performance in the near term.