Everbridge Announces CEO Transition
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December 10, 2021 8:51 AM EST
Shares of Everbridge (NASDAQ: EVBG) are down more than 38% in pre-open Friday after the company reported CEO David Meredith has resigned.
Meredith will be replaced by Patrick Brickley, Executive Vice President and Chief Financial Officer, and Vernon Irvin, Executive Vice President and Chief Revenue Officer, who will act as co-CEOs while the new CEO is recruited.
The Board of Directors and I are confident that Vernon Irvin and Patrick Brickley can lead the company forward as Co-CEO's together and deliver on the company's mission of keeping... More
December 10, 2021 7:42 AM EST
Canaccord Genuity analyst T. Michael Walkley lowered the price target on Everbridge (NASDAQ: EVBG) to $178.00 (from $200.00) while maintaining a Buy rating.
The analyst commented, "After the close today, Everbridge announced its Board of Directors accepted the resignation of CEO, David Meredith. While we... More
