SharkNinja Inc. (NYSE:SN) saw its stock decline about 5% on Thursday following news that Chief Financial Officer Patraic Reagan will step down, effective September 5, 2025.
According to a Securities and Exchange Commission filing, Reagan informed the company of his decision on August 26. SharkNinja stressed that his resignation is unrelated to any disputes or disagreements with the company or its Board of Directors, including operational, policy, accounting, or financial reporting matters.
The company’s Board of Directors has named Adam Quigley as interim CFO, effective immediately upon Reagan’s departure. Quigley, who has been with SharkNinja since 2015, currently serves as SVP Finance – Global Business Planning, a role he assumed in September 2024.
Quigley brings extensive internal experience, having previously held positions including SVP Finance – Global FP&A, Strategic Finance (June 2022 to September 2024) and VP Finance – FP&A (December 2019 to June 2022).
Investor concerns over the leadership transition appear to have contributed to the stock decline, though the company highlighted the internal promotion as a measure to maintain continuity at the household appliance manufacturer.
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