7/103 sources · 3 publishersUpdated Oct 8, 23:35 UTC
Curtiss‑Wright CFO resigns, interim CFO named, shares tumble
Curtiss‑Wright announced that Chief Financial Officer K. Christopher Farkas will retire at the end of the calendar year and has stepped down from his role. Senior Vice President and Corporate Controller Gary Ogilby was named interim CFO effective October 6, 2026. The news sent the stock sharply lower in trading on October 7, 2026.
Why it matters
The leadership change created uncertainty about the company’s financial oversight, prompting a sell‑off that pushed the shares to new 52‑week lows. Investors may face short‑term volatility until a permanent CFO is appointed.
Key facts
- 1CFO K. Christopher Farkas announced his retirement and will step down at year‑end. stockstory.org
- 2Gary Ogilby was appointed interim CFO effective October 6, 2026. stockstory.org
- 3Shares fell 3.7% in pre‑market trading after the announcement. stockstory.org
- 4Shares fell 7.7% in morning trading after the announcement. investing.com
- 5The stock reached a 52‑week low of $509.21 intraday. investing.com
- 6The stock closed at $509.10, a new 52‑week low, after falling $44.25 on the day. seekingalpha.com
Open questions
- Drop percentages differ across sources (3.7%, 7.7%, 8%).
- Two slightly different 52‑week low values are reported ($509.21 vs $509.10).
- Two different 52‑week high values are mentioned ($792.77 vs $808.16).
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.