Australia's Metcash falls after food unit's CEO's 'surprise' exit

Metcash

30/01/2023 01:39

(Repeats to widen distribution with no changes to text)
    ** Shares of Australia's Metcash  MTS.AX  fall as much as
3.8% to A$4.04, set to lose most since Dec. 20, 2022 if losses
hold
    ** The grocery distributor announces resignation of Scott
Marshall who was the chief executive officer of its Food unit
    ** Scott Marshal has also served as the CEO of the Liquor
unit and has worked with the company for over 30 years
    ** UBS says that the resignation was a 'surprise' and is
negative in their view
    ** Stock fell 11.6% in 2022
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))