Standard Motor Products inches down after CFO announces resignation
BUZZ-Standard Motor Products inches down after CFO announces resignation ** Shares of auto parts maker Standard Motor Products SMP.N edge down 0.4% to $36.52 in volatile extended trading
** SMP says its CFO Nathan Iles will resign effective October 30, as he plans to take a CFO role at another public company and relocate closer to his family
** James Burke, a current board member, will serve as interim CFO starting October 30 until a permanent successor is appointed - statement
** "During his tenure, Nathan has played an important role in strengthening our financial organization, supporting our strategic growth initiatives, maintaining a disciplined approach to capital allocation, and enhancing our capabilities as a public company," says CEO Eric Sills
** Up to last close, SMP marginally down YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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