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Security tech company Evolv fires its chief executive

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Peter George Nyheter

Corporate Management,Finance Business,MA State Wire

Amid the backdrop of a sales misconduct investigation and other legal troubles, security technology company Evolv is now firing its CEO. Evolv’s board of directors terminated chief executive Peter George on Wednesday, effective immediately.

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The move arrives just days after Evolv disclosed an ongoing investigation into the company’s sales practices, warning shareholders to no longer rely on recent financial statements. The board acknowledged this investigation Thursday, but maintained that it had been “evaluating leadership and performance for several months — long before we became aware of any potential issues relating to the Company’s sales practices and financial reporting.

This is far from the first time Evolv has found itself in hot water. The company has faced other legal issues over the years, including separate federal probes into its marketing practices led by the Federal Trade Commission and the Securities Exchange Commission.

 

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Security tech company Evolv investigates sales misconduct, warning recent financials are unreliableEvolv is warning its shareholders to no longer rely on recent financial statements, as the security technology company investigates employee misconduct related to “certain sales.” A group of independent board directors is currently conducting an internal investigation into the company’s sales practices.
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