RS Group falls after CEO Lindsley Ruth steps down

Ruth's Hospitality

16/12/2022 14:01

** Shares of UK's industrial and electronic products
provider RS Group Plc  RS1R.L  down as much as 2.6% at 905.5p 
    ** Says Lindsley Ruth agreed with board to step down as
chief executive officer with immediate effect  urn:newsml:reuters.com:*:nTUCZKW0M 
    ** In November, Ruth took leave of absence from business due
to personal reasons when Chief Financial Officer David Egan
assumed Ruth's duties in addition to his role as CFO
 urn:newsml:reuters.com:*:nFWN31Y9BT
    ** Co today adds that Egan will continue to lead the group
as acting CEO until a process to find a permanent candidate has
concluded 
    ** Including session's gain, stock has fallen ~25% YTD 
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))