Soitec rises after announcing CEO departure

Soitec SA

01/10/2025 09:07

** Shares in Soitec SOIT.PA rise around 7% after the French semiconductor materials supplier said its CEO Pierre Barnabé would be leaving his role for personal reasons

** Barnabé to remain CEO until March 31, 2026

** Investors' opinion on the value of his stewardship may be mixed, as Soitec shares lost 80% of their value since his appointment, Bernstein notes as a reason for the positive reaction

** "We expect Soitec shares to react positively to the news of the forthcoming leadership change today, despite the risk of the incoming CEO initiating another round of expectation resets upon their appointment," the broker adds

** The Board of Directors initiated the process to appoint new CEO, will consider internal and external candidates

** Shares are on track for their best day in three weeks

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))