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Feb. 25, 2020, 8:40 a.m. EST

SIG plc slumps after resignation of CEO and CFO

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By Steve Goldstein

UK:SHI

SIG plc /zigman2/quotes/205165085/delayed UK:SHI -13.16% dropped 18% in London trade as CEO Meinie Oldersma and CFO Nick Maddock abruptly resigned from the insulation supplier that's a component of the FTSE 250. Steve Francis, who previously was CEO at Patisserie Holdings, was named CEO through the end of the year, and Kath Kearney-Croft was named interim CFO after joining the firm in January. SIG said results for the year will be in line with guidance, with underlying pretax profit of around £42 million, and trading in the early part of 2020 seeing a "continuation of the trends in the last quarter of 2019."

Read the full story:
British stocks slip after biggest one-day drop in more than four years

/zigman2/quotes/205165085/delayed
UK : U.K.: London
20.20 p
-3.06 -13.16%
Volume: 5.16M
April 1, 2020 4:35p
P/E Ratio
30.61
Dividend Yield
6.19%
Market Cap
£137.60 million
Rev. per Employee
N/A
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