Leyland Financial Group Inc (OTCMKTS:LFGP) Stock On Radar Appointing CFO

One of the companies that could well be on the radars of investors this morning is Leyland Financial Group Inc (OTCMKTS:LFGP) after the company made a key announcement yesterday.

Trading Data

On Tuesday, LFGP stock ended flat at $20.40 with more than 100 shares, compared to its average volume of 920 shares. The stock moved within a range of $20.40 – 20.40 after opening trade at $20.40.

Ledyard Welcomes Peter Sprudzs as Chief Financial Officer

Leyland Financial Group, which is the parent company of the Leyland National Bank, came into the news cycle yesterday after it announced that it had appointed a new Senior Vice President and Chief Financial Officer in the form of Peter Sprudzs. Sprudzs is going to step into the role that is going to be vacated by Greg Stevenson following his retirement after having served Leyland Financial Group for two decades. Stevenson will be retiring in December this year.

In this situation, it may be a good idea for investors to perhaps take a look at Sprudzs’ credentials. The company noted that he held many years of extensive experience in risk management, finance, and treasury industries. He has worked for both public and private companies of varying sizes throughout the course of his career. The Chief Executive Officer of Layland, Kathy Underwood spoke about the appointment as well. She noted that Sprudzs is going to bring years of strategic expertise and experience to the role.

Key Quote

Kathy Underwood, Ledyard’s CEO, stated, “We’re excited to welcome Peter to our organization. Peter’s experience and strategic capabilities have been demonstrated consistently over his many years of service to top financial institutions. As we enter a new phase of growth for the bank, we’re confident that Peter’s energy and vision will help to lead Ledyard into its next chapter of success. At the same time, we will miss Greg tremendously, both personally and professionally. We wish him well in retirement.”

Technical Data

LFGP stock is trading below the 20-Day and 50-Day Moving averages of $20.94 and $20.64 respectively. Moreover, the stock is trading below the 200-Day moving average of $23.31. The company has a total market capitalization of $68 million.