Shares of Vestis Corporation (VSTS) slipped over seven percent on Wednesday morning after the company announced the departure of its Financial Chief Kim Scott.
VSTS is currently trading at $10.10, down $0.82 or 7.55%, on the NYSE. The stock opened its trading at $10.37 after closing Tuesday at $10.92. The stock has traded between $8.92 and $19.76 in the past 52-week period.
Vestis has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors.
The Board has retained a leading executive search firm to assist with identifying Vestis' next President and CEO.
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