Following GoPro’s announcement, its stocks have taken a sharp fall, going down over 10% over the last day.
Amid the financial downturn of the action-camera company, GoPro also announced CFO Jack Lazar will be retiring after holding the position for two years. He will be replaced in March by Brain McGee, former Qualcomm vice president of business operations. Perhaps a new face leading the financial side of GoPro can pull the company out of its fiscal downturn.
GoPro’s future may see an upturn after the release of the new Hero5 camera this year, which founder and CEO Nicholas Woodman confirmed in an earnings call following the financial report. The company also has the Karmadrone coming out in 2016, which will shoot 4K video.
Read more: http://mashable.com/2016/02/04/gopro-cuts-lineup/