GrafTech Says Marcel Kessler Has Informed His Intention To Step Down As CEO And President Effective November 15, 2023, Due To Family Reasons
Portfolio Pulse from Benzinga Newsdesk
GrafTech's CEO and President, Marcel Kessler, has announced his intention to step down from his roles effective November 15, 2023, due to family reasons. He will resign as an employee of the company effective December 31, 2023, but will continue to serve on the Board. The Board has appointed Timothy K. Flanagan and Catherine Hedoux-Delgado as interim CEO and CFO respectively, effective November 15, 2023.
September 28, 2023 | 8:40 pm
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NEUTRAL IMPACT
GrafTech's CEO and President, Marcel Kessler, is stepping down, which could lead to uncertainty in the company's leadership. However, the Board has already appointed interim replacements, which may mitigate some of this uncertainty.
Leadership changes can often lead to uncertainty and volatility in a company's stock. However, the fact that interim replacements have already been appointed may help to mitigate some of this uncertainty. Therefore, the short-term impact on GrafTech's stock is uncertain.
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