Adient falls, CEO to retire at the end of the year

Adient

08/11/2023 14:41

** Shares of automotive seating supplier Adient  ADNT.N 
fall 13.26% to $30.87
    ** Co says Doug Del Grosso to retire as CEO, effective
December 31, 2023 
    ** Co's current CFO Jerome Dorlack to succeed Del Grosso
    ** ADNT also reports a fourth quarter profit of $1.42 per
share on Wednesday, beating analysts' estimates of $0.58 per
share, according to LSEG data
    ** ADNT up 2.59% YTD

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))