Ascendis Health shares drop a day after firing CEO | Fin24
 
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Ascendis Health shares drop a day after firing CEO

May 24 2019 22:52
Sinesipho Tom

Shares in JSE-listed Ascendis Health [JSE:ASC] have dropped by more than 8%, a day after it fired its CEO Thomas Thomsen.

In a brief update to shareholders late on Thursday, the group's board said Thomsen's contract had been terminated. It did not provide a reason. 

Andrew Marshall, the board’s current chairperson, will assume the role of CEO until the board appoints a replacement. 

The health group's shares were trading at R4.50 a share at 13:30 on Friday on the JSE. 


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