Carriage Services appoints John Enwright as CFO, effective January 2, 2025, enhancing financial leadership and strategic growth.
Quiver AI Summary
Carriage Services, Inc. announced the appointment of John Enwright as Senior Vice President, Chief Financial Officer, and Treasurer, starting January 2, 2025. Enwright brings over 25 years of financial leadership experience from notable companies, including his recent role as CFO at Edible Brands, LLC, and a significant tenure at Vera Bradley, Inc. His extensive background at Tiffany & Company also provided him with valuable expertise in financial planning and business transformation. CEO Carlos R. Quezada emphasized how Enwright's strategic insights and leadership will be crucial for Carriage’s objectives of disciplined capital allocation, growth, and operational improvement as the company aims for transformative growth in the funeral and cemetery services industry.
Potential Positives
- Appointment of John Enwright as Senior Vice President, Chief Financial Officer and Treasurer positions Carriage Services for enhanced financial leadership and expertise.
- Mr. Enwright's extensive experience in financial planning and execution at well-known companies signals strategic intent to drive growth and operational excellence.
- Leadership change reflects Carriage's commitment to building a best-in-class leadership team aimed at achieving ambitious long-term goals.
- CEO's endorsement of Mr. Enwright highlights confidence in his ability to contribute to the company's innovative growth and premier client experiences.
Potential Negatives
- The wording suggests a focus on "transformative growth," which may indicate current challenges or pressures the company is facing that necessitate significant strategic changes.
- The cautionary statement on forward-looking statements hints at potential uncertainties regarding the effectiveness of Mr. Enwright's appointment and the company's future performance, raising concerns for investors.
- The emphasis on the need for "relentless improvement" may imply that the company is currently not meeting its performance expectations or standards.
FAQ
Who is the new CFO of Carriage Services?
John Enwright has been appointed as the Senior Vice President, Chief Financial Officer, and Treasurer of Carriage Services.
When does John Enwright officially start at Carriage Services?
John Enwright will officially assume his role on January 2, 2025.
What experience does John Enwright bring to Carriage Services?
He has over 25 years of financial leadership experience, including roles at Edible Brands and Vera Bradley.
What are Carriage Services' strategic objectives?
The strategic objectives include disciplined capital allocation, purposeful growth, and relentless improvement.
How many funeral homes does Carriage Services operate?
Carriage Services operates 162 funeral homes across 26 states in the United States.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CSV Insider Trading Activity
$CSV insiders have traded $CSV stock on the open market 14 times in the past 6 months. Of those trades, 5 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $CSV stock by insiders over the last 6 months:
- SHAWN R PHILLIPS has traded it 4 times. They made 0 purchases and 4 sales, selling 24,944 shares.
- PAUL DONALD ELLIOTT sold 5,000 shares.
- CHARLES FARGASON has traded it 4 times. They made 4 purchases, buying 7,000 shares and 0 sales.
- CARLOS R. QUEZADA (CEO) purchased 2,000 shares.
- SHANE PUDENZ (SVP of Sales and Marketing) has traded it 2 times. They made 0 purchases and 2 sales, selling 1,443 shares.
- LANCE KIAN GRANMAYEH (EVP, CFO and Treasurer) has traded it 2 times. They made 0 purchases and 2 sales, selling 3,282 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CSV Hedge Fund Activity
We have seen 74 institutional investors add shares of $CSV stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERIPRISE FINANCIAL INC added 315,577 shares (+23.8%) to their portfolio in Q3 2024
- HARBERT FUND ADVISORS, INC. removed 208,497 shares (-100.0%) from their portfolio in Q2 2024
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC added 131,288 shares (+inf%) to their portfolio in Q3 2024
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 129,025 shares (+174.7%) to their portfolio in Q3 2024
- ASSENAGON ASSET MANAGEMENT S.A. removed 125,646 shares (-54.7%) from their portfolio in Q3 2024
- MORGAN STANLEY added 95,954 shares (+114.1%) to their portfolio in Q3 2024
- REPERTOIRE PARTNERS LP removed 93,157 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) is excited to announce the appointment of John Enwright as Senior Vice President, Chief Financial Officer and Treasurer, effective January 2, 2025.
With more than 25 years of extensive financial leadership experience in omnichannel retail, Mr. Enwright brings a proven track record of driving results and fostering innovation at prominent publicly traded companies. Most recently, he served as Chief Financial Officer for Edible Brands, LLC, following a successful eight-year tenure at Vera Bradley, Inc., where he spent five years as Chief Financial Officer, following several years as Vice President of Financial Planning and Analysis. His earlier career at Tiffany & Company, where he spent 15 years, equipped him with invaluable expertise in financial planning, treasury, and business transformation.
Mr. Enwright’s strategic insights and extensive leadership experience will play a critical role as Carriage continues to focus on its three strategic objectives: disciplined capital allocation, purposeful growth, and relentless improvement. His appointment signals the Company’s commitment to building a best-in-class leadership team to drive its ambitious goals and continue its transformative growth story.
“We are excited to welcome John to Carriage,” said Carlos R. Quezada, Chief Executive Officer and Vice Chairman of the Board of Directors. “John’s dynamic leadership and deep financial expertise will be instrumental as we elevate Carriage to the next level of financial sophistication. His vision and strategic acumen will help us accelerate our growth, enhance operational excellence, and deliver premier experiences for our clients and communities. We are confident John’s contributions will strengthen our foundation and propel us toward achieving our long-term vision of success.
Carriage is poised for an exciting future, and John's addition underscores the Company’s relentless pursuit of excellence, innovation, and growth,” concluded Mr. Quezada.
About Carriage Services, Inc.
Carriage Services is a leading provider of funeral and cemetery services and merchandise in the United States and operates 162 funeral homes in 26 states and 31 cemeteries in 11 states. It is dedicated to delivering premier experiences through innovation, partnership, and elevated service. For more information, visit www.carriageservices.com .
Cautionary Statement on Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which the Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These certain forward-looking statements include, but are not limited to, any projections or expectations related to Mr. Enwright’s appointment; any statements of the plans, strategies and objectives of management for future operations or financial activities, including, but not limited to, capital allocation, organizational performance, and execution of our strategic objectives and growth plan; any statements of belief; and any statements of assumptions underlying any of the foregoing, and are based on our current expectations and beliefs concerning future developments and their potential effect on the Company. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents of the Company on file with the SEC. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of the applicable communication and we undertake no obligation to publicly update or revise any forward-looking statements except to the extent required by applicable law. A copy of the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, and other information about the Company and news releases, are available at http://www.carriageservices.com .
For more information, please contact InvestorRelations@carriageservices.com