Shimmick Corp., an Irvine-based water infrastructure company (Nasdaq: SHIM), named Amanda Mobley as its interim chief financial officer.
Current CFO Devin Nordhagen is stepping down to pursue other business interests, the company said. Nordhagen will remain with the company for a period of time to assist with an orderly transition.
“Devin has played a critical role over the last few years, helping to establish Shimmick as an independent company, build our financial team and lead our 2023 IPO,” Chief Executive Steve Richards said in a statement. “Amanda has a long history of working with the Shimmick managers in the field to improve results where she has earned their strong respect. Her focus on execution across the organization will be instrumental in driving our next phase of growth.”
Mobley has been with Shimmick and its predecessors since 2011 in a variety of financial management roles including being responsible for project accounting and financial reporting. Prior to her role with Shimmick, Mobley served as an audit manager for KPMG with a focus on public financial companies.
Shimmick late last year went public at $7 a share. Its recent financial results have disappointed investors, as the share price today closed at $1.52 and a $47 million market cap.
