1. MSA's CFO, Lee B. McChesney, resigns effective March 21, 2025. 2. Steve Blanco announced a search for a new CFO immediately. 3. Elyse L. Brody appointed interim CFO during this transition. 4. McChesney contributed to MSA's Business System and finance excellence. 5. MSA generated $1.8 billion in revenues for 2024, indicating strong performance.
CFO resignations typically create uncertainty regarding financial stability. Historical cases show stock dips following leadership changes.
Leadership changes, especially in finance, can impact MSA's strategic direction and investor sentiment.
The immediate leadership gap may affect investor confidence temporarily. Short-term uncertainty is prevalent in similar situations.
MSA Safety Incorporated (NYSE: MSA) today announced it has accepted the resignation of its Chief Financial Officer, Lee B. McChesney, effective March 21, 2025. Mr. McChesney, who was elected CFO in October of 2022, is leaving to accept a similar position at another public company.
Steve Blanco, MSA Safety President and CEO, said the company has initiated a comprehensive search for a new CFO. In addition, MSA Executive Director of Financial Planning and Analysis and Strategy, Elyse L. Brody, has been appointed interim CFO.
"We extend our thanks to Lee for the contributions he has made since joining the company," Mr. Blanco commented. "Lee was a strong advocate for the MSA Business System, which he utilized in his continuous improvement efforts to strengthen the foundation within our Finance organization in pursuit of functional excellence," he said.
MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of more than 5,000 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.