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Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials announced the retirement of CEO Pete Raby, who will step down effective July 1, 2025, with Damien Caby, President of the Thermal Products Division, appointed as CEO Designate. The company reported a 3.6% increase in sales for 2024, aligning with expectations, and continues progressing on its simplification and share buy-back programs, indicating robust financial health and readiness for future growth.
More about Morgan Advanced Materials
Morgan Advanced Materials is a company operating in the advanced materials industry. They specialize in products and services that cater to thermal insulation and advanced materials solutions, with a focus on maintaining strong market positions and investing in innovation to drive growth.
YTD Price Performance: -7.90%
Average Trading Volume: 1,109,221
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £707.7M
Learn more about MGAM stock on TipRanks’ Stock Analysis page.
