CFO and CIO announced their resignations this month.
Two Tucows executives have recently notified the company that they are leaving.
Last week, Chief Financial Officer Michael Cooperman announced that he was retiring after 18 years with the company. He will remain an advisor to the company when he leaves April 1. Dave Singh, current Vice President of Finance at the company, will take over for Cooperman.
This morning, Tucows issued an 8-K announcing that Kenneth Schafer, Chief Information Officer, is also stepping down effective today to pursue another opportunity.
Meanwhile, shares in Tucows (NASDAQ:TCX) have been on an absolute tear. Shares closed yesterday at $50.10, up 40% on their opening price at the beginning of the year.
Tucows owns domain reseller platforms OpenSRS and eNom, as well as retail registrar Hover. It also provides mobile phone and broadband services through its Ting brand.
New math: Tu – 2 = Two. 😀
I believe Michael Cooperman and Ken Schafer have done a fantastic job at Tucows. I remember not many years back Tucows stock was $.37 cents a share. Now as of yesterday it was $50.10. It is time, and well deserved for both to retire and cash in on a comfortable retirement after working hard all of those years.
Good Luck to both.
Kenneth Schafer, Chief Information Officer, is also stepping down effective today to pursue another opportunity. It didn’t state that he was retiring.