Arcadia Stock Climbs 34% on Management Succession Announcement

Arcadia CEO

Arcadia Biosciences (NASDAQ:RKDA) has today announced Matthew Plavan as its next CEO, boosting Arcadia stock over 34% as a result.

Year-High for Arcadia Stock

Plavan will replace outgoing CEO Raj Ketkar, who will retire on September 1, and Pam Hanley will succeed Plavan in his current position of CFO. Since joining the company in 2016, Plavan has overseen the company’s shift in focus towards crop innovation and commercialization. In February, the company launched Arcadia Specialty Genomics, a strategic business unit specifically focused on hemp crops, for which he has served as president. Arcadia stock currently sits ...

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