Alight up after naming new CEO

Alight

26/08/2024 14:51

(Updates)
    ** Shares of U.S. benefits services provider Alight  ALIT.N 
up 1.5% to $7.3, at a near one-month high
    ** ALIT names Dave Guilmette as CEO, replacing Stephan
Scholl who had stepped down in August, when co reported its Q2
results
    ** Departing CEO Scholl will also step down from the board
of directors
    ** In May, ALIT appointed Guilmette as independent director
to its board
    ** In Feb 2024, Reuters reported activist hedge fund
Starboard Value built a 7.8% stake in co in a push for changes
    ** Of nine analysts tracking ALIT, eight rate "buy" or
higher, while one rates "hold"; median PT at $10.5 - LSEG data
    ** ALIT is down 16.1% YTD

 (Reporting by Pranav Kashyap in Bengaluru)
 ((Pranav.Kashyap@thomsonreuters.com; +919886482111;))