Former CFO returns to lead financial operations

  • ShiftPixy reappoints Patrice Launay as CFO after terminating Douglas Beck
  • Amanda Murphy also terminated as COO
  • Changes effective March 6
  • Launay previously served as ShiftPixy’s CFO from January 2018 to July 2019
  • Launay will be paid $350,000 a year

ShiftPixy has announced the reappointment of Patrice Launay as chief financial officer, following the termination of Douglas Beck from the role. Additionally, Amanda Murphy has been terminated as chief operating officer. These changes were effective as of March 6. Launay previously served as ShiftPixy’s CFO from January 2018 to July 2019. Afterward, he worked as a financial consultant for mid-sized and large publicly trading companies, assisting them with their reporting obligations. Launay’s annual salary will be $350,000.

Factuality Level: 8
Factuality Justification: The article provides factual information about the changes in leadership at ShiftPixy, including the termination of Douglas Beck and Amanda Murphy, and the appointment of Patrice Launay as the new CFO. It includes details about Launay’s previous role and experience, as well as his salary. The information appears to be straightforward and based on a regulatory filing.
Noise Level: 3
Noise Justification: The article provides relevant information about the recent changes in leadership at ShiftPixy, including the appointment of Patrice Launay as the new CFO. It includes details about Launay’s previous experience and compensation, which adds context to the story. However, the article lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: ShiftPixy
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article pertains to a financial company, ShiftPixy, and the appointment of a new CFO. There is no mention of any extreme event or impact rating.
Public Companies: ShiftPixy (N/A)
Key People: Patrice Launay (Chief Financial Officer), Douglas Beck (N/A), Amanda Murphy (Chief Operating Officer)

Reported publicly: www.marketwatch.com