Thule slips after CFO departure
12/05/2023 09:50
** Shares in Thule THULE.ST fall 3% after the Swedish
sport equipment maker announced late on Thursday the departure
of its CFO
** Jonas Lindqvist, who has been in the job since 2020, has
mutually agreed with the board to leave
** Jefferies says it is "not too surprised" by the news,
seeing it as "the first move" of Mattias Ankarberg, the
incoming CEO as of August 2023, "to incorporate his own flavor
into the company"
** "While the stock market may welcome this, it could
potentially change the company's strategic agenda, which
increases volatility and execution risk," the broker adds
** Thule is among pan-European STOXX 600 .STOXX bottom
performers
(Reporting by Marta Frackowiak)
((marta.frackowiak@thomsonreuters.com))