Coloplast Seeks to Restore Investor Trust With Firing of CEO
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Coloplast A/S fired its chief executive officer to restore investor confidence after the medical equipment maker failed to deliver sufficient shareholder returns.
That’s according to Lars Rasmussen, the Danish company’s chairman, who is now stepping in to become interim CEO while a search for a replacement for Kristian Villumsen is underway. The shares fell as much as 7.4% in Copenhagen trading, the most in a year.