Costa (ASX:CGC) share price lower despite appointing new CEO // Motley Fool Australia

The Costa Group Holdings Ltd (ASX: CGC) share price is dropping lower today despite a big announcement.

In afternoon trade the horticulture company’s shares are down almost 1% to $3.90.

What did Costa announce?

This afternoon Costa announced that it has found its new Chief Executive Officer.

According to the release, the company has promoted its current Chief Operating Officer, Sean Hallahan, to the role of Chief Executive Officer and Managing Director with effect from 31 March 2021.

Prior to joining Costa, Mr Hallahan was Managing Director of Tata Global Beverages – ANZ and Indonesia for 7 years. He has also held a number of senior sales and marketing roles with major companies including George Weston Foods, Simplot, and SC…