Revolution Lighting announced that James DePalma, the company’s director and chief financial officer, resigned for personal reasons and took effect on May 2, 2019. In addition, he suggested that the company would be assisted in transitioning to the new CFO if needed. He also plans to continue to cooperate with the company’s audit committee to review and investigate accounting issues.
It is reported that the company has begun to look for a new chief financial officer. During this time, Robert V. LaPenta, Chairman, CEO and President of the company, will assume the role of chief financial officer and chief accounting officer until the company determines a temporary or permanent CFO.
LaPenta said, “I represent the board and the company, thanking him for his contribution and his role in the company”.