Australia's Boral eyes best day in over 2 years after new CEO named

Boral

08/06/2022 02:17

** Construction materials maker Boral Ltd  BLD.AX  jumps as
much as 9.1% to A$3.120
    ** Stock on track for best session since June 2, 2020, if
gains hold
    ** Co appoints Vik Bansal as its chief executive officer and
managing director, effective on or before Dec. 5  urn:newsml:reuters.com:*:nL4N2XU3DP
    ** Says Zlatko Todorcevski will remain co's CEO until
transition to Bansal is complete
    ** Stock hits highest level since May 31
    ** As of last close, BLD down ~20.2% so far this year

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))