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✉news EnvironmentOceans first seen 6 h ago, last 2 h ago, peak #19

Ocean Power Technologies pays interim CFO $30,000 a month

Original: An interim CFO gets $30,000 a month while Ocean Power Technologies (OPTT) searches for a permanent CFO.

Ocean Power Technologies has agreed to pay its interim chief financial officer $30,000 a month while the company searches for a permanent CFO. The arrangement, disclosed in a regulatory filing, underscores the wave-power developer's ongoing leadership transition and the cost of keeping finance operations stable during an executive search.

Why now: Investors are watching executive compensation and leadership turnover at the small-cap renewable energy company.

Ocean Power TechnologiesOPTT

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