STOCK HIGHLIGHT: Turnaround king Holger Riemensperger quits AECI

Explosives company AECI plunged almost 9% on Wednesday after the surprise resignation of CEO Holger Riemensperger.

AECI CEO Holger Riemensperger. Picture: SUPPLIED
AECI CEO Holger Riemensperger. Picture: SUPPLIED

Explosives company AECI plunged almost 9% on Wednesday after the surprise resignation of CEO Holger Riemensperger. During his tenure, he led a largely successful turnaround, disposing of several noncore assets along the way.

AECI has appointed AECI Chemicals executive vice-president Dean Murray as interim CEO.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Comment icon