Corporate GovernanceJun 16, 2026, 05:22 PM
Perfect Moment CFO/COO Resigns; Three Directors Depart Citing Disagreements
AI Summary
Perfect Moment Ltd. announced multiple high-level resignations. Chath Weerasinghe resigned from his roles as Chief Financial Officer, Chief Operating Officer, and principal financial and accounting officer, effective three months from June 11, 2026. Additionally, three directors, Tim Nixdorff, Berndt Hauptkorn, and Adam Epstein, resigned from the Board between June 11 and June 13, 2026. The directors cited disagreements with management and the Board regarding the company's strategic direction and corporate governance as reasons for their departures.
Key Highlights
- Chath Weerasinghe resigned as CFO, COO, and principal financial/accounting officer, effective three months from June 11, 2026.
- Tim Nixdorff resigned as a director on June 11, 2026, due to disagreements with management and the Board on strategic direction.
- Berndt Hauptkorn resigned as a director on June 12, 2026, citing disagreements with management and the Board on strategic direction.
- Adam Epstein resigned as a director on June 13, 2026, due to disagreements regarding corporate governance.
- Mr. Nixdorff served on the Nominating and Corporate Governance and Compensation Committees.
- Mr. Hauptkorn served on the Nominating and Corporate Governance and Audit Committees.
- Mr. Epstein served on the Nominating and Corporate Governance and Audit Committees.
Price Impact
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