Getinge Drops on CEO’s Ouster After Less Than 18 Months at Helm
- Surgical Workflows unit head Lindoff appointed acting CEO
- Shares drop the most in more than five weeks in Stockholm
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Getinge AB slumped the most in more than five weeks in Stockholm trading following the ouster of Chief Executive Officer Alex Myers after less than 18 months at the helm of the Swedish maker of sterilization systems for hospitals.
The stock dropped as much as 6.3 percent, its steepest decline since July 14, and traded down 4.4 percent to 166.90 kronor as of 12:16 p.m. local time. The board appointed Joacim Lindoff, currently head of Getinge Surgical Workflows, as acting CEO, according to a statement on Monday. Disagreements regarding its future direction led to the decision to replace Myers, it said.