Business
Mineral Commodities (ASX:MRC) share price plummets 25% as CEO sacked
The Mineral Commodities Limited (ASX: MRC) share price spent today in freefall after the termination of its CEO. The notice was issued after close of trade yesterday, with today being the first time investors had the chance to react.
The Mineral Commodities share price opened 2.8% down on yesterday’s close, but by midday it was down by 20% and at close of trade it hit a 25% loss.
Let’s look deeper into the CEO’s sacking.
“The Board’s relationship with, and the provision of CEO services by, Mr Caruso became untenable”
Mineral Commodities reported last night that Mark Caruso was forced out of the role of CEO due to a “breakdown” between himself and the board.
What caused the breakdown is a mystery, with the only…
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