10:54 AM EDT, 04/02/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Veeva Systems ( VEEV ) shares fell nearly 6% in recent Tuesday trading a day after the company said in a regulatory filing that Brent Bowman stepped down as chief financial officer of the company, effective April 1.

Tim Cabral, who served as Veeva's ( VEEV ) CFO from 2010 to 2020 and is a member of the board, will serve as interim finance chief until a permanent successor to Bowman is named, according to the company.

Bowman will remain with the company for three months to ensure a smooth transition.

Price: 217.21, Change: -13.18, Percent Change: -5.72