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Evolus CFO to Resign

Says accepting similar position at private wellness company

Sandra Beaver is resigning as chief financial officer of Newport Beach-based Evolus Inc., a maker of beauty products, effective June 13.

Beaver is taking the same position at an unidentified private mental health and wellness technology company, Evolus said in a statement.  The company said the resignation isn’t the result of any disagreement about its operations.

“Her stewardship across several important functions has helped drive our consistent growth and positioned the company for continued success,” Evolus Chief Executive David Moatazedi said in a statement. “We enter this next chapter with strong momentum, having recently launched our second product line, achieved record revenues, solidified the balance sheet, and positioned the company for profitability.”

Beaver in 2024 was a winner of the Business Journal’s annual CFO award for the public sector.

Shares of Evolus fell 4.6% to $9.36 each in after-hours trading. Earlier shares rose 1.3% to $9.81 and a $633 million market cap.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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