Coherent Corp. (COHR) announced on Friday that its Chief Financial Officer Mary Jane Raymond has agreed to conclude her services as CFO with effect from September 29, 2023, following a mutual agreement between the two parties.
However, according to transition services and the final deal, Raymond will remain with the company in a full-time, non-executive role beginning from an effective date to April 1, 2024.
Subsequently, Coherent has appointed its Senior Vice President, Business Operations, Richard Martucci, as its interim CFO with effect from September 30, 2023, until a permanent successor is identified.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.