Farmer Bros. Co. announced Thursday its chief financial officer will be resigning.
Jeffrey Wahba is scheduled to step down in February from the Torrance coffee distributor. He has been the company’s chief financial officer and treasurer since June 2010.
“I am very pleased by the significant operating improvements we have been able to implement,” Wahba said in a statement. “I believe that the company is on track to continue the course that we have established.”
Farmer Bros. President and Chief Executive Mike Keown also said in the statement: “We appreciate the leadership role Jeff has taken in achieving substantial progress in our financial results over the last year-and-a-half.” Farmer Bros. did not return a call for comment.
Shares closed Thursday up 37 cents, or 3 percent, to $11.34 on the New York Stock Exchange.