20:06 12 September 2023
Pepco shares dropped by 4% after the EBITDA forecast, CEO's resignation
Shares in discount retailer Pepco Group dropped by 4% after the company announced that it expects the EBITDA at the end of 2022/23 to be slightly lower than the original assumptions.
The company also announced that Trevor Masters has resigned from the Pepco Group CEO post. The chairman of the board of directors, Andy Bond, will assume the role of executive chair and lead the work of the board and the entire company until a new CEO is appointed.
Source: PAP
