Rogers Stock Falls 8% After CEO Departure And Leadership Transition

(RTTNews) - Rogers Corp. (ROG) shares dropped 7.94 percent to $67.89 on Monday following the abrupt resignation of President and CEO Colin Gouveia.

The stock opened at $71.26 and traded between $65.95 and $71.87 during the session. Volume stood at 191,066 shares, slightly below the average daily volume of 214,885. Rogers now trades within a 52-week range of $51.43 to $134.07.

The company announced that Ali El-Haj, a veteran executive with over three decades of experience in automotive and manufacturing, has been appointed interim CEO. The Board plans to conduct a comprehensive search for a permanent successor.