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Ferrellgas -22% this week after suspending distributions; CFO, COO depart

Published 11/30/2018, 06:32 PM
© Reuters.  Ferrellgas -22% this week after suspending distributions; CFO, COO depart
  • Ferrellgas (NYSE:FGP) concluded a dismal week in which shares sank 22%, as it disclosed an indefinite suspension of shareholder distributions and said CFO Doran Schwartz and COO Trent Hampton had left the company.
  • FGP appointed VP of Treasury, Investor Relations and Planning Bill Ruisinger as interim CFO and Senior VP of Operations Bryan Wright as interim COO; the men have a respective 15 years and 19 years of experience with the company.
  • Schwartz joined FGP as CFO in 2017 after spending 12 years at MDU Resources, including eight years as its CFO; Hampton had been COO for seven years after coming on board in 2001.
  • FGP shares have plunged 73% YTD.
  • Now read: Ferrellgas Partners - Down And Out


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