Integral Ad Science CFO steps down, shares drop 3.7% in premarket trading

Investing.com -- Integral Ad Science, a company specializing in measuring the reach of advertisements, saw a 3.7% decrease in its shares during premarket trading following the announcement of CFO Tania Secor's departure.

The announcement was made after the market closed on Friday.

Secor had been serving as the CFO since December 2022. The news of her departure comes as a surprise to some, including Piper analyst Matthew Farrell, especially as the company is entering a new year.

Despite the departure of the CFO, Integral Ad Science reiterated its fourth-quarter outlook in the Friday release, a move that Farrell found encouraging. He noted that this update suggests stability in the digital ad market following the election into the year's end.

In the interim, Jill Putman has been appointed as CFO, effective immediately. Her responsibilities will include overseeing the company's financial operations until a permanent CFO is appointed.

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Source: Investing.com