LNC shares fell 1.15% to $45.51 following the sudden resignation of its CFO and appointment of an interim successor.
Lincoln National appointed Adam Cohen as interim CFO, effective immediately, after Chris Neczypor stepped down from the role. Cohen previously served as senior vice president, chief accounting officer, and treasurer at the insurer.
The company did not disclose reasons for Neczypor’s departure. Shares of LNC traded 1.15% lower at $45.51 in early trading Monday, reflecting investor reaction to the leadership change.
No further details on succession planning or a permanent replacement were provided in the announcement.