Olin shares are trading lower after the company announced Scott Sutton will step down as President, Chief Executive Officer and Chairman of the Board in the first half of 2024
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation announced that its President, CEO, and Chairman of the Board, Scott Sutton, will step down from his positions in the first half of 2024. Following the announcement, Olin's shares traded lower.
September 01, 2023 | 1:30 pm
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Olin Corporation's stock price fell following the announcement of Scott Sutton's planned departure in 2024.
The announcement of a CEO's departure often leads to uncertainty about the company's future direction, which can negatively impact the stock price in the short term. This seems to be the case with Olin Corporation, as its shares traded lower following the announcement.
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