Pyxus Announces Departure of CFO

Rhea-AI Summary

Pyxus International (OTC Pink: PYYX) announced the resignation of CFO Flavia Landsberg, effective February 28, 2025. Landsberg, who joined the company in 2021, is leaving to pursue an external opportunity. The Board of Directors has appointed Dustin Styons, current Executive Vice President of Business Strategy and Sales, as interim CFO while conducting a formal search for a permanent successor.

According to CEO Pieter Sikkel, Landsberg's tenure was marked by significant improvements in operating performance and reduction of long-term debt. The company plans to continue building on the financial strategy established during her leadership.

Positive

• Significant improvements in operating performance during Landsberg's tenure
• Reduction in long-term debt achieved under Landsberg's leadership
• Immediate interim CFO succession plan in place

Negative

• Departure of key executive (CFO) who led financial improvements
• Potential disruption in financial leadership during transition period

MORRISVILLE, N.C., Feb. 14, 2025 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX), a global value-added agricultural company, today announced the resignation of Flavia Landsberg, the Company's executive vice president and chief financial officer, effective February 28, 2025. Landsberg, who joined Pyxus in 2021, has elected to pursue an external career opportunity.

Following Landsberg's notice of resignation, the Company's Board of Directors appointed Dustin Styons, Pyxus' executive vice president, business strategy and sales, as interim CFO and will commence a formal search for Landsberg's successor.

"We thank Flavia for her contributions during her tenure, which are evidenced by the significant improvements in all measures of our operating performance and reduction of long-term debt," said Pyxus President and CEO Pieter Sikkel. "We wish Flavia all the best in her new role as we work to build on the financial strategy she helped put in place."

About Pyxus International, Inc.
Pyxus International, Inc. ("Pyxus" or the "Company") is a global agricultural company with more than 150 years of experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people's lives, so that together we can grow a better world—Pyxus, its subsidiaries and affiliates, are trusted providers of responsibly sourced, independently verified, sustainable and traceable products and ingredients. For more information, visit www.pyxus.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pyxus-announces-departure-of-cfo-302376700.html

SOURCE Pyxus International, Inc.

FAQ

When is Pyxus CFO Flavia Landsberg leaving PYYX?

Flavia Landsberg will leave Pyxus International (PYYX) effective February 28, 2025.

Who will serve as interim CFO for Pyxus (PYYX)?

Dustin Styons, Pyxus' Executive Vice President of Business Strategy and Sales, will serve as interim CFO.

What were the main achievements during Landsberg's tenure at PYYX?

During Landsberg's tenure, Pyxus saw significant improvements in operating performance and achieved reduction in long-term debt.

When did Flavia Landsberg join Pyxus (PYYX)?

Flavia Landsberg joined Pyxus International in 2021.