Farmer Brothers Co. (FARM) said it appointed Jeffrey Wahba as treasurer and chief financial officer, effective June 1. The company said Peter Knepper would continue in his current role as interim chief financial officer and would assist with the executive transition. Wahba currently serves as chief financial officer of Nero AG, a digital-media software provider that is based in Glendale, California and Karlsbad, Germany. Wahba would report to Roger Laverty, chief executive officer.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.