Sientra (SIEN) Announces Departure of CFO and Appointment of Interim CFO
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Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a medical aesthetics company uniquely focused on plastic surgeons, today announced that Paul Little is stepping down from his position as Chief Financial Officer, Senior Vice President and Treasurer, to pursue other opportunities effective March 12, 2021. Valerie Miller, current Vice President, Corporate Controller, will serve as interim Chief Financial Officer effective upon Mr. Little’s resignation as the Company completes its search for a permanent replacement.
“We thank Paul for his diligent work and greatly appreciate all his contributions to our team through his tenure at Sientra,” said Ron Menezes, President and Chief Executive Officer of Sientra. “He was integral in positioning our company for durable future growth by strengthening our balance sheet and driving efficiencies to accelerate our path to revenue growth and we wish him well in his future endeavors.”
“It has been a privilege to work alongside the entire Sientra team and to have been a part of the company’s growth story,” said Mr. Little. “While stepping down was a difficult decision, and one based solely on personal reasons, I am confident that Sientra will remain on a solid path forward under Ron’s leadership.”
Mr. Menezes added, "Given her strong knowledge of our business and financial reporting standards I have great confidence in Ms. Miller’s ability to lead the finance team on an interim basis as we recruit a new Chief Financial Officer. We expect that the transition will have no material impact on our operations, and we remain confident in our near-term growth prospects as we remain well capitalized with a highly efficient team."
Ms. Miller joined Sientra in September 2017 as Vice President, Corporate Controller and has since been responsible for the accounting and finance functions of the Company. Prior to joining Sientra, Ms. Miller served as Corporate Controller at The Trade Desk, Inc. and as Senior Director of Finance & Accounting at LinkedIn. Previously, she served as a Vice President on the finance team of Mentor Worldwide, a subsidiary of Johnson & Johnson. Ms. Miller holds a Bachelor’s in Economics from the University of California, Santa Barbara.
Mr. Little’s departure is not related to any disagreement with the company’s accounting principles or practices or financial statement disclosures.
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