Westport Fuel Systems Says David Johnson Has Decided To Step Down As CEO And Resign From Board, Effective Immediately
Portfolio Pulse from Benzinga Newsdesk
Westport Fuel Systems announced that CEO David Johnson has decided to step down and resign from the board, effective immediately. Tony Guglielmin, a member of the Westport Board and Chair of the Audit Committee, will serve as interim CEO until a replacement is found.
August 22, 2023 | 10:32 am
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The sudden resignation of Westport Fuel Systems' CEO David Johnson may cause uncertainty and potential instability in the company's leadership, which could negatively impact the company's stock in the short term.
CEO changes, especially sudden ones, can cause uncertainty among investors as it could signal potential issues within the company. This uncertainty often leads to short-term volatility in the company's stock price.
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