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Repligen (RGEN) Promotes CCO, Shares Fall on Leadership Change

Jun 14, 2024, 1:39 PM EDT1 sourcesAI-analyzed

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- Repligen appointed Olivier Loeillot as new CEO effective Sep 1, 2024. - Current CEO Tony J. Hunt will transition to executive chair on the same date. - RGEN shares fell 11.9% following the announcement. - Under Hunt's leadership, RGEN saw annual revenue growth of 30% over nine years. - RGEN revenues declining recently due to absence of COVID-related revenues. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Corporate Developments

  • Repligen appointed Olivier Loeillot as new CEO effective Sep 1, 2024.
  • Current CEO Tony J. Hunt will transition to executive chair on the same date.
  • RGEN shares fell 11.9% following the announcement.
  • Under Hunt's leadership, RGEN saw annual revenue growth of 30% over nine years.
  • RGEN revenues declining recently due to absence of COVID-related revenues.

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