On May 15, Stride's Craig R. Barrett Notified Co Of Decision Not To Stand For Re-Election To Board, Will Retire From Board & Role Of Chair Of Board; Determined That Co's CEO, James J. Rhyu, Will Succeed Barrett As Chair Of Board
Portfolio Pulse from Benzinga Newsdesk
On May 15, Stride's Craig R. Barrett announced his decision not to stand for re-election to the board and will retire from his role as Chair of the Board. The company's CEO, James J. Rhyu, will succeed Barrett as Chair of the Board.
May 17, 2024 | 8:21 pm
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Craig R. Barrett will retire from Stride's board and role of Chair, with CEO James J. Rhyu succeeding him.
The retirement of Craig R. Barrett and the succession by CEO James J. Rhyu is a significant leadership change. However, since the new Chair is the current CEO, the transition is likely to be smooth, resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100