Australia's Beamtree Holdings falls on CEO departure

Beamtree Holdings

15/10/2024 05:53

** Shares of Beamtree Holdings  BMT.AX  fall as much as
13.8% to A$0.250, their biggest loss since Nov. 21, 2022
    ** Data analytics provider says CEO Tim Kelsey to step down
in March 2025 to pursue opportunities in healthcare
    ** Co appoints Kelsey as Chairman of its Global Impact
Committee following his CEO term
    ** Stock hits its lowest level since early August
    ** 1.2 mln shares change hands, 6.7x the 30-day avg
    ** Stock up ~15% YTD, including current session, as at 0435
GMT

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))