Australia's Costa Group hits over 6-1/2-yr low as CEO Sean Hallahan steps down

Costa group

26/09/2022 01:49

** Shares of Costa Group Holdings  CGC.AX  down as much as
11.8% to A$2.24 - their lowest level since Feb. 25, 2016
    ** Fruit grower says CEO and managing director Sean Hallahan
will step down with effect from Sept. 26  urn:newsml:reuters.com:*:nASX73TRVG
    ** Hallahan was appointed CEO of CGC in April 2021 and spent
total of five years in the co; he was also co's chief operating
officer
    ** Former CEO Harry Debney appointed as Interim CEO - CGC
    ** Debney is currently a non-executive director at CGC, and
was its CEO for 10 years from 2010 to April 2021
    ** Stock top loser on the benchmark index  .AXJO 
    ** Stock posts its biggest intraday pct fall since July 11
    ** Stock down 16.2% this year as of last close
 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))