Chip Hornsby -- British CEO's resignation prompts surge in shares

By Tiffanie on
Wolseley Chief Executive Chip Hornsby is stepping down and will be replaced by former Travelex CEO Ian Meakins. Hornsby's 3-year tenure at the British building supplies company was characterized by a 75% loss in share value. As an immediate result of the change in leadership, share values have surged 6%.Reuters reported:British building supplies company Wolseley Plc said on Tuesday that Chief Executive Chip Hornsby would step down with immediate effect, prompting a 6 percent surge in its...Read Full Story