AdaptHealth, incoming CEO mutually end employment contract, shares fall
20/09/2023 15:02
** Shares of respiratory equipment provider Adapthealth Corp
AHCO.O fall 1.3% to $9.44
** Co and recently appointed CEO Crispin Teufel mutually
agree to terminate Teufel's employment contract
** AHCO appointed Teufel as CEO in June, but he was sued in
August by former employer Linde LIN.DE , which was seeking to
block his appointment for an unspecified time
** Teufel had served as CEO of Linde's unit Lincare, a rival
to AdaptHealth
** Chairman Richard Barasch will continue to serve as
interim CEO until a successor has been appointed - AHCO
** Including session moves, stock down ~51% YTD
(Reporting by Sriparna Roy and Bhanvi Satija in Bengaluru)
((Sriparna.Roy@thomsonreuters.com;))