United-Guardian's long-time CEO to retire, shares down
14/06/2022 18:35
** Shares of United-Guardian Inc UG.O fall as much as 9.5%
to a near five-month low of $16.05
** Stock last down ~3%, on course for fourth straight
session of losses
** UG says President and CEO Ken Globus to retire by the end
of the year urn:newsml:reuters.com:*:nGNX8xqsL9
** Globus, who has been with the company for 39 years,
joined in 1983 as vice president and general counsel and was
appointed president in 1988
** He became the CEO in 2009 after the death of UG's founder
Alfred Globus
** Co says it has begun the process of finding a replacement
and Globus will continue to lead UG until selection and
onboarding of a new CEO is completed
** UG also adds it completed the formal review of strategic
alternatives that was initiated in January
** Stock has risen ~5% this year
(Reporting by Ananya Mariam Rajesh in Bengaluru)
((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))