UGI Names Mario Longhi As Interim CEO; Roger Perreault To Step Down As President And CEO
Portfolio Pulse from Benzinga Newsdesk
UGI Corporation has announced that Mario Longhi will take over as Interim CEO, following the stepping down of Roger Perreault from his roles as President and CEO. The company has not provided reasons for Perreault's departure or details about the search for a permanent CEO.
December 12, 2023 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mario Longhi's appointment as Interim CEO and Roger Perreault's departure could lead to short-term uncertainty for UGI Corporation's stock as investors assess the leadership transition.
Leadership changes can cause short-term volatility in a company's stock price as investors may be concerned about the reasons behind the departure and the direction the new leadership will take. However, without specific negative reasons provided for the departure, the impact is likely to be neutral until more information is available.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80