Shares of LivePerson, Inc. (LPSN) are gaining over 30% on Wednesday morning after the company announced the departure of CEO Robert LcCascio.
LPSN is currently trading at $5.58, up $1.32 or 30.99%, on the Nasdaq. The stock opened its trading at $5.33 after closing Tuesday's trading at $4.26. The stock has traded between $3.19 and $18.17 in the past 52-week period.
LivePerson announced that Robert LoCascio will depart as Chief Executive Officer, effective December 31, 2023 at the end of the term of his contract, which will not be renewed.
Jill Layfield, Lead Independent Director of the Board, has assumed the role of Board Chair.
The company has retained an executive search firm to identify a successor and intends to effect a smooth and orderly transition. LoCascio will also resign from the Board concurrent with his departure as Chief Executive Officer.
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