Shares in Alent (ALNT) fell by as much as 3 per cent on news that chief executive Steve Corbett is stepping down. He will be temporarily be replaced by Rick Ertmann, president of the company's assembly materials division. Mr Corbett took over as chief executive following the specialty chemical manufacturer's demerger from Cookson, now Vesuvius (VSVS), in 2012, and was credited for successfully overseeing Alent's transition to independence.
IC TIP:
Buy
at
341p
A spokesman for Alent said Mr Corbett and the board had decided to part ways after his successful management of the transition, and the company is now looking for a new boss to take the business forward with a renewed focus on growth.
