Australia's EML Payments hits over 4-yr low on long serving CEO exit

EML Payments

11/07/2022 01:50

** Shares of Australian payments solutions provider EML
Payments  EML.AX  fall as much as ~17% to A$1.05; lowest level
since April 6, 2018
    ** Co announces resignation of Tom Cregan as CEO and
Managing Director, after over 10 years at the helm 
    ** Also appointments of Emma Shand to replace Cregan,
effective immediately
    ** Stock on track for worst day since April, if losses hold
    ** EML has lost ~60% so far this year, as of last close

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))