Australia's Boom Logistics hits over 4-month low after CEO steps down

Boom Logistics

14/02/2023 03:18

** Shares of Boom Logistics Ltd  BOL.AX  fall as much as
3.6% to A$0.135, their lowest level since Oct 5, 2022
    ** The lifting solutions co says Chief Executive Officer
(CEO) and Managing Director Tony Spassopoulos will step down
    ** Co says Chief Operating Officer Ben Pieyre will assume
the role of Interim CEO
    ** Says permanent appointment for a new CEO expected to be
made later in 2023
    ** Shares post their biggest intraday loss since Jan 3
    ** Shares on track for a second consecutive session of
losses
    ** Stock has fallen 6.7% this year, as of last close 
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))