Shyft Group stock up 3% premarket after company announces CEO transition plan

Specialty vehicle manufacturing company Shyft Group Inc.’s stock SHYF rose 3% premarket Monday, after the company announced a leadership transition plan. The Novi, Michigan-based company said Chief Executive Daryl Adams will step down once a successor has been appointed. At that time, he will also resign from the board, but will remain with the company as adviser for six months to ensure a smooth transition. The board is working with an executive search firm to find its next CEO.

... Specialty vehicle manufacturing company Shyft Group Inc.’s stock SHYF rose 3% premarket Monday, after the company announced a leadership transition plan. The Novi, Michigan-based company said Chief Executive Daryl Adams will step down once a successor has been appointed. At that time, he will also resign from the board, but will remain with the company as adviser for six months to ensure a smooth transition. The board is working with an executive search firm to find its next CEO.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chicago Business Group Backs Big Push Into Violence PreventionThe Civic Committee, an influential group representing the biggest businesses in Chicago, has offered support for the new mayor’s focus on tackling the root causes of crime
Source: WSJ - 🏆 98. / 63 Read more »