Norma Group falls after CEO Grandi exits
18/02/2025 07:30
** German automotive and industrial supplier Norma Group
NOEJ.DE falls 8.5% in early Frankfurt trade after the company
announced its CEO would resign due to differences on the
strategy for the Company
** A local trader said Guido Grandi's departure should
negatively impact shares as it may lead to some uncertainty
around the company's plans to sell its Water Management division
** Norma said Grandi's resignation would take effect at the
end of February 17, with the current supervisory board chairman,
Mark Wilhelms, taking up the interim CEO position
** The stock is seen at the bottom of Germany's small-cap
.SDAXI index
(Reporting by Bernadette Hogg)
((bernadette.hogg@thomsonreuters.com))