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Somero Enterprises Inc ( (GB:SOM) ) just unveiled an update.
Somero Enterprises, Inc. announced that longtime CEO and President Jack Cooney will retire on March 31, 2025, after 27 years with the company. Jesse Aho, who has been with Somero for over 16 years, has been promoted to President effective immediately, while a search for a new CEO is underway. The transition marks a significant leadership change, with Larry Horsch also stepping down as Chairman once a new CEO is appointed. These changes are part of a carefully planned succession strategy, with the Board confident that the company’s full-year financial results will meet market expectations.
More about Somero Enterprises Inc
Somero Enterprises, Inc. provides industry-leading concrete-levelling equipment, training, education, and support to customers in over 90 countries. The company is renowned for its cutting-edge technology that allows customers to install high-quality horizontal concrete floors faster, flatter, and with fewer people. Somero’s equipment, incorporating laser-technology and wide-placement methods, is utilized in a variety of commercial construction projects globally, maintaining a market-leading position through innovation and unparalleled customer service.
YTD Price Performance: -11.75%
Average Trading Volume: 183,203
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £170.2M
Find detailed analytics on SOM stock on TipRanks’ Stock Analysis page.
