Lattice Semiconductor Plunges as CEO Departs For Coherent, Whose Stock Soars
erent (COHR) Investopedia·2024-06-04 06:00
Shares of semiconductor maker Lattice slid nearly 16% Monday as Chief Executive Officer Jim Anderson left to lead another electronics manufacturer, Coherent Corp. Coherent shares jumped 23% following the news that Anderson is replacing its retiring CEO. Lattice said Chief Marketing officer Esam Elashmawi is being elevated to the role of interim CEO while the company's board starts a search for a permanent replacement. > Year-to-date stock price chart for Coherent and Lattice Key Takeaways A pair of electron ...