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Uncover Monetary shares dropped Tuesday after the Riverwoods-Sick.-based firm stated Roger Hochschild would step down as CEO efficient instantly.
The inventory completed the day down 9.4% at $92.96, recording its lowest shut since Might. It was the S&P 500’s worst performer.
Uncover board member and ex-Areas Monetary govt John Owen will function interim CEO and president, the corporate stated after markets closed Monday. Uncover will work with a worldwide govt search agency to discover a everlasting alternative.
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