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Canaccord maintains $226 stock price target on Insulet

EditorNatashya Angelica
Published 21/03/2024, 15:30
© Reuters.

On Thursday, Canaccord Genuity sustained its Buy rating and $226.00 stock price target for Insulet (NASDAQ:PODD) Corporation (NASDAQ:PODD), coinciding with the announcement of Ana Maria Chadwick as the new EVP, CFO, and Treasurer.

Chadwick is set to begin her new role at Insulet on April 22, 2024. She succeeds Wayde McMillan, who resigned as CFO on October 20, 2023, and interim CFO Lauren Budden, who will resume her position as Group VP, Chief Accounting Officer, and Controller post-transition.

Ana Maria Chadwick brings a wealth of leadership experience to Insulet, currently serving as EVP and CFO at Pitney Bowes (NYSE:NYSE:PBI), a century-old global mailing solutions firm. She has been instrumental in transforming Pitney Bowes into a technology-driven growth enterprise.

Chadwick's extensive background includes over 27 years at General Electric (NYSE:NYSE:GE), where she held numerous executive roles, including President, CEO, and COO of GE Capital Global Legacy Solutions, as well as CFO of GE Capital Energy Financial Services.

Chadwick's professional journey also includes her role as Controller of GE Capital Americas and her earlier tenure as CFO of GE Consumer Finance Switzerland and VP of Financial Planning & Analysis at GE Consumer Finance, Americas.

Her expertise encompasses global financial reporting, capital markets, business strategy, investor relations, and tax policy, which are expected to contribute significantly to Insulet's management team.

In addition to her executive roles, Ana Maria Chadwick is actively involved in corporate governance. She serves on the Board of Directors for Dollar General (NYSE:DG), where she chairs the Audit Committee.

Chadwick also chairs the Pitney Bowes ILC Bank in Utah and is a board member of LiveGirl, Inc. Her appointment at Insulet is anticipated to support the company's ongoing growth and financial strategies.

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