PAE Inc logo

PAE - PAE Inc News Story

$8.75 -0.2  -2.3%

Last Trade - 05/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £600.6m
Enterprise Value £1.19bn
Revenue £1.96bn
Position in Universe 3019th / 6846

BUZZ-PAE Inc: Slumps after CEO steps down

Wed 17th March, 2021 3:36pm
** Aerospace and defense firm's  PAE.O  shares down 8.43% at
$8.59 
    ** Co's CEO John Heller steps down due to personal reasons
 urn:newsml:reuters.com:*:nGNX5WX5zH
    ** PAE names CFO Charles Peiffer interim CEO, effective
March 19  urn:newsml:reuters.com:*:nGNX5WX5zH 
    ** Co to initiate a formal search process to identify a
permanent CEO and will consider both internal and external
candidates
    ** Peiffer has served as CFO since 2014. Prior to which, he
was CFO of IAP Worldwide Services Inc
    ** Up to last close, stock down ~6% YTD 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.