Management ChangeJun 1, 2026, 04:17 PM
Penguin Solutions CFO Nate Olmstead Resigns; Aaron Johnson Interim CFO
AI Summary
Penguin Solutions announced that Nate Olmstead will resign as Senior Vice President and CFO, effective July 8, 2026, to pursue a new opportunity. Aaron Johnson, the company's Vice President of Finance and Accounting, has been appointed interim CFO, effective July 9, 2026. The company also reaffirmed its full-year fiscal 2026 financial outlook, expecting net sales and diluted EPS to be at the high end of its previously issued ranges, driven by strong agentic AI demand.
Key Highlights
- Nate Olmstead resigned as CFO, effective July 8, 2026, to pursue another opportunity.
- Aaron Johnson, VP of Finance and Accounting, appointed interim CFO effective July 9, 2026.
- Johnson has over 16 years of public company experience in the technology sector.
- Company reaffirmed full-year fiscal 2026 financial outlook.
- Net sales and diluted EPS for full-year fiscal 2026 expected at high end of outlook range.
- Third-quarter fiscal 2026 results expected to be reported on July 7, 2026.
Price Impact
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