Kyndryl Drops As CFO Departs Amid Reporting Delay

Reuters

02/09

Technology services company Kyndryl's KD.N shares fall 43% to $13.36 premarket.

Co unable to file quarterly report within deadline, citing material weaknesses in internal control over financial reporting.

CFO David Wyshner departs; Harsh Chugh, who is currently co's global head for corporate development and administration and was previously COO, to be interim CFO.

Co was scheduled to report Q3 2026 results on Monday.

Up to last close, stock has fallen ~46% in the last 12 months.

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