Molycorp Inc. (MCP) announced after the bell Tuesday that its Board of Directors has appointed Constantine Karayannopoulos as Interim President and CEO and is immediately undertaking a search for a permanent President and CEO. He succeeds Mark A. Smith, who has left the Company. The stock is now down 0.65 on 858K shares.
Molycorp posted modest gains in early trade Tuesday, but settled into a range for the majority of the session. The stock closed up by 0.63 at $11.33. Molycorp finished at nearly a 2-month high.
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