Core Scientific Appoints Jim Nygaard as New CFO Effective March 17
Core Scientific, Inc. (CORZ) has appointed Jim Nygaard as the new chief financial officer, effective March 17. Nygaard has a background in M&A, corporate finance, and capital markets from roles at XMS Capital Partners and Morgan Stanley.
Key points:
- CEO Adam Sullivan stated Nygaard's expertise will support scaling operations and enhancing shareholder value.
- Outgoing CFO Denise Sterling, who managed the company's Chapter 11 restructuring and secured over $1 billion in capital, will assist until May 1 for a smooth transition.
- The transition plan was announced on September 6.
- Core Scientific recently revealed a $1.2 billion expansion of its data centers with CoreWeave.
- The stock is up 2% in pre-market trading but down over 20% year-to-date.