NextPlat Names Amanda L. Ferrio, Vice President of Accounting & Finance, as its New Chief Financial Officer
Rhea-AI Summary
NextPlat (NASDAQ: NXPL, NXPLW) announced on October 14, 2025 that Amanda L. Ferrio has been promoted to chief financial officer, succeeding Cecile Munnik, CPA/CA, who will depart after completing a transition that includes the filing of NextPlat's quarterly report for the period ended September 30, 2025.
Ms. Ferrio previously served as Vice President of Accounting & Finance at Progressive Care LLC, the company's healthcare operation acquired last year, and has over 15 years of accounting and finance experience. Her prior duties included financial reporting, budgeting, forecasting and managing SEC filings. The company said the promotion supports its business refocusing and efforts to improve financial performance.
Positive
- Internal CFO appointment effective Oct 14, 2025
- Successor has 15+ years accounting and finance experience
- Managed SEC filings at Progressive Care
- Deep knowledge of Progressive Care acquired last year
Negative
- Outgoing CFO departure following quarterly filing for Sept 30, 2025
News Market Reaction 20 Alerts
On the day this news was published, NXPL declined 8.22%, reflecting a notable negative market reaction. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $3M from the company's valuation, bringing the market cap to $29M at that time. Trading volume was exceptionally heavy at 12.2x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Internal Promotion Supports Ongoing Business Refocusing Efforts with Established Financial Operations Expertise
Ms. Ferrio has over 15 years of accounting and finance experience at both Nasdaq-listed and private companies, most recently serving as Vice President of Accounting & Finance at Progressive Care LLC ("Progressive Care"), the Company's healthcare operation it acquired last year. Over the past three years at Progressive Care, Ms. Ferrio oversaw aspects of the accounting department including financial reporting and analysis, budgeting, and forecasting, and managed its SEC filings.
"As VP of Accounting & Finance, Amanda has continually demonstrated her skill and dedication to supporting the evolving financial operations of our business and we welcome her as our new CFO. Building on her unique, in-depth knowledge of our business, we look forward to Amanda's additional contributions as part of our leadership team as we continue to execute on our plans to improve NextPlat's financial performance and drive sustainable shareholder value," said David Phipps, Chief Executive Officer of NextPlat. "On behalf of the Board of Directors and our management team, we wish to thank Cecile for her leadership and contributions over the past five years at Progressive Care and NextPlat as we expanded our domestic and international operations and wish her well in her future endeavors."
"I am grateful for the opportunity to further contribute to the ongoing efforts to transform NextPlat, working closely with the Board of Directors and leadership team as we continue to drive improved operational and financial performance," added Ms. Ferrio.
Prior to joining Progressive Care, Ms. Ferrio held multiple accounting and finance roles including serving as Controller at BBC International, LLC; Senior Manager, Financial Reporting & Compliance at Willis-Lease Finance Corporation; Senior Accountant, BioMatrix Specialty Pharmacy, and Senior Accountant at FedNat. Ms. Ferrio holds a Master of Science and a Bachelor of Science in Accounting.
For more information about NextPlat, please visit www.NextPlat.com and connect with us on Facebook, LinkedIn and X.
About NextPlat Corp
NextPlat is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures, and collaborations, the Company seeks to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company's ability to launch additional e-commerce capabilities for consumer and healthcare products and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
View original content to download multimedia:https://www.prnewswire.com/news-releases/nextplat-names-amanda-l-ferrio-vice-president-of-accounting--finance-as-its-new-chief-financial-officer-302582913.html
SOURCE NextPlat Corp.
FAQ
Who is the new CFO of NextPlat (NXPL) and when was the appointment announced?
Why did NextPlat (NXPL) promote Amanda Ferrio to CFO?
Who is leaving the CFO role at NextPlat (NXPL) and what is the transition timeline?
What experience does Amanda Ferrio bring from Progressive Care to NextPlat (NXPL)?
Does the NextPlat (NXPL) announcement mention any changes to financial guidance or results?
