Wirecard CEO Resigns Amid a Crushing Stock Price Plunge as the Company’s Auditor Failed to Find Evidence for Over $2 Billion in Funds
https://wccftech.com/wirecard-ceo-resigns-amid-a-crushing-stock-price-plunge-as-the-companys-auditor-failed-to-find-evidence-for-over-2-billion-in-funds/
Wirecard (ETR:WDI), a German payment processor and financial services provider, has become emblematic of the dreaded road to perdition when it comes to running a fintech business. After having lost track of funds worth over $2 billion and a stock price in a tailspin, the embattled company’s CEO Markus Braun resigned just moments ago.
In a brief statement released today, the company announced that James Freis has been appointed as the interim CEO. Moreover, the Management Board member, Jan Marsalek, has also been suspended on a revocable basis.
Wirecard CEO Resigns Amid a Crushing Stock Price Plunge as the Company’s Auditor Failed to Find Evidence for Over $2 Billion in Funds
Jun 19, 2020, 1:36pm UTC
https://wccftech.com/wirecard-ceo-resigns-amid-a-crushing-stock-price-plunge-as-the-companys-auditor-failed-to-find-evidence-for-over-2-billion-in-funds/
> Wirecard (ETR:WDI), a German payment processor and financial services provider, has become emblematic of the dreaded road to perdition when it comes to running a fintech business. After having lost track of funds worth over $2 billion and a stock price in a tailspin, the embattled company’s CEO Markus Braun resigned just moments ago.
> In a brief statement released today, the company announced that James Freis has been appointed as the interim CEO. Moreover, the Management Board member, Jan Marsalek, has also been suspended on a revocable basis.