Leggett & Platt names former chief Glassman as CEO; shares rise
21/05/2024 14:26
** Shares of diversified manufacturer Leggett & Platt
LEG.N rise 5% to $12.50 premarket
** LEG appoints Karl Glassman as CEO, effective immediately
** Glassman has been a part of co since 1982 and previously
served as CEO from 2016-2021
** "Karl knows the company better than anyone, and we are
pleased he has agreed to step back into the CEO role," said lead
independent director Robert Brunner
** As of last close, LEG has lost ~55% YTD
(Reporting by Pritam Biswas in Bengaluru)
((Pritam.Biswas@thomsonreuters.com))