Hexagon on top of STOXX after it proposes new vice chairman
04/12/2024 09:43
** Shares in Hexagon HEXAb.ST jump over 6% after the
Swedish industrial technology group proposed to appoint Björn
Rosengren as new vice chairman
** The proposal is part of planning for a succession on the
position of chairman, as long-time board member Ola Rollén plans
to step down in 2026, Hexagon said
** ABG Sundal Collier analyst Simon Granath, who attributes
the share price move to Rosengren's nomination, points to his
strong track record at ABB ABBN.S and Sandvik SAND.ST , where
he served as CEO
** The stock is at the top of Europe-wide STOXX 600 .STOXX
index; if gains hold, it will see its best day since Nov. 2022
(Reporting by Marta Frąckowiak)
((marta.frackowiak@thomsonreuters.com))