Frontdoor CEO steps down, shares down

frontdoor

20/05/2022 18:30

** Shares in home services provider  FTDR.O  fall as much as
~2% to over one-week low of $25.75
    ** Stock last down ~1%, on course for third straight session
of losses 
    ** CEO Rexford Tibbens to step down from his role as
president and chief executive officer  urn:newsml:reuters.com:*:nBw61mSKRa
    ** Tibbens will remain in an advisory capacity with FTDR
through June 30 
    ** William Cobb, chairman of FTDR's board, will succeed
Tibbens as CEO 
    ** Cobb has served as chairman of the board since October
2018
    ** Stock down ~29% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))