Advanced Braking Technology Ltd slips on CEO resignation

Advanced Braking Technology

13/01/2022 02:44

** Vehicle braking solutions company's shares  ABV.AX  drop
as much as 8.1% to A$0.03, biggest intraday pct loss since Jan.
4
    ** Company says its board has advised CEO John Annand to
step down immediately https://wcsecure.weblink.com.au/pdf/ABV/02475176.pdf
 as part of restructure of executive team
    ** Andrew Booth, director of strategy and commercial, will
assume the role of acting CEO
     ** About 662,123 shares change hands, 2.7x 30-day avg
volume
     ** Stock fell 7.7% in 2021

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com))