I have worked with many companies where the CFO departed and it is a non-event. I have learned from following Stern Agee that they tend to cut ratings at the bottom. Look at DECK. If you listened to them you would have missed the ride from $28 to $40
I agree with Analyst observation. But that is a stupid reason to sell the shares.
When you hire new one, they have strategy in mind. Remember they did not fire the old one. It is just a retirement.
8:32 EST - Sterne Agee finds "too many moving pieces" in Riverbed Technology (RVBD) to keep recommending its stock after CFO Randy Gottfried yesterday disclosed plans to leave the IT provider in wake of its biggest-ever acquisition. The firm still approves of that deal, but cuts RVBD to neutral, citing higher risk from a new CFO's perspective on how much the integration will boost earnings, not to mention oversight of integration itself. RVBD off 3.5% at $15.20 premarket