The Nevada corporation Puget Technologies Inc (OTCMKTS:PUGE) had a forgettable day in the markets yesterday after the company made a key announcement and its stock tanked by as much as 5%. In this situation, it might be a good move for investors to take a closer look at the announcement made by Puget.
The company announced yesterday that it appointed Karen Fordham as its new Chief Executive Officer and President. It was also noted that Hermann Burckhardt, who had served in the role since as long back as 2015, was going to continue to be a member of the company’s board.
Fordham started on his new role at Puget from August 19, 2021 and it goes without saying that it is one of the most important appointments that any company can make. In this regard, it should be noted that Fordham is a seasoned executive and has worked in the healthcare management. In addition to that, she has worked in a wide range of industries in a career that has spanned over more than two decades. Puget clearly believes that her appointment is going to usher in a new era of growth. Investors could do well to keep an eye on this stock this week.