Lattice Semiconductor Plunges as CEO Departs For Coherent, Whose Stock Soars
erent (COHR) Investopedia·2024-06-04 06:00
Key TakeawaysShares of semiconductor maker Lattice slid nearly 16% Monday as Chief Executive Officer Jim Anderson left to lead another electronics manufacturer, Coherent Corp.Coherent shares jumped 23% following the news that Anderson is replacing its retiring CEO.Lattice said Chief Marketing officer Esam Elashmawi is being elevated to the role of interim CEO while the company's board starts a search for a permanent replacement. A pair of electronics manufacturers saw their stocks make big moves Monday as L ...