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Phibro Animal Health Corporation Announces Chief Financial Officer Changes TEANECK, N.J.

Key Takeaway: Phibro Animal Health Corporation has announced the resignation of its Chief Financial Officer, Damian Finio, effective September 29, 2023. Richard G. Johnson, who previously held the CFO position until 2020, will act as the interim CFO starting September 30, 2023, to ensure a smooth transition. The company recognizes Finio's contributions while emphasizing Johnson's experience in guiding the organization during this period.

Market Sentiment Analysis

POSITIVE FACTORS

  • Smooth transition planned with Richard G. Johnson stepping in as interim CFO.
  • Damian Finio's contributions were acknowledged positively.
  • Richard G. Johnson has extensive knowledge of the industry and company.

CONCERNS & RISKS

  • Resignation of the CFO may lead to uncertainty during transition.
  • Need to search for a permanent replacement could create instability.

Full Press Release Details

Phibro Animal Health Corporation Announces Chief Financial Officer
N.J., September 5, 2023 (Business Wire) -Phibro Animal Health Corporation (Nasdaq:PAHC) ("Phibro" or the
"Company") today announced that Damian Finio, Phibro's Chief Financial Officer, has informed the Company that he will
resign from his position effective September 29, 2023.
Phibro also announced that Richard G. Johnson, who previously served
as the Company's Chief Financial Officer from 2002 until his retirement from this position in 2020, and has continued to serve as
Finance Advisor to the Company, will work with Mr. Finio over the next few weeks to ensure a smooth transition. Mr. Johnson will assume
the role of interim Chief Financial Officer of the Company effective as of September 30, 2023 until a successor to Mr. Finio is identified.
"I want to take this opportunity to recognize and thank Damian
for his many contributions during his tenure as Chief Financial Officer of Phibro and wish him success in his future endeavors,"
said Jack Bendheim, Phibro's Chairman, President and Chief Executive Officer. "I am also pleased to announce that Richard
G. Johnson, who served as Phibro's Chief Financial Officer for more than 18 years, and has continued to provide insight and guidance
as a Finance Advisor to the Company since 2020, will be filling the role of Interim Chief Financial Officer as we search for a replacement.
Richard brings extensive knowledge of the industry and our business that will allow us to transition smoothly during this process."
About Phibro Animal Health Corporation
Animal Health Corporation is a leading global diversified animal health and mineral nutrition company. We strive to be a trusted partner
with livestock producers, farmers, veterinarians and consumers who raise or care for farm and companion animals by providing solutions
to help them maintain and enhance the health of their animals. For further information, please visit www.pahc.com.
Phibro Animal Health Corporation

Frequently Asked Questions

Who is the current Chief Financial Officer of Phibro?

Damian Finio is the current CFO, resigning effective September 29, 2023.

Who will be the interim CFO of Phibro?

Richard G. Johnson will serve as interim CFO starting September 30, 2023.

Why is Richard Johnson stepping in as interim CFO?

He will ensure a smooth transition following Damian Finio's resignation.

What did the CEO say about Damian Finio?

The CEO thanked Finio for his contributions and wished him success.

What is Phibro Animal Health Corporation known for?

Phibro is a global leader in animal health and mineral nutrition solutions.

Last updated: Sep 5, 2023