Puma SE Announces Leadership Change and Decline in Stock Price
Puma SE, a German sports equipment and apparel company, has announced a change in leadership. Arne Freundt, the current CEO, will step down on July 1 due to differences in strategy. He will be replaced by Arthur Hoeld, who will take over as CEO on the same date.
The company’s stock price has been declining, with a recent drop of 4.88% on April 3. This decline was followed by a further drop of 12% on the same day. The stock price has more than halved in the past three months.
Factors Impacting Performance
The company’s performance has been impacted by various factors, including the COVID-19 pandemic and changes in consumer behavior. These factors have contributed to the decline in stock price and raised concerns about the company’s future prospects.
Key Dates
- April 3: Stock price drops 4.88%
- April 3: Stock price drops 12%
- July 1: Arthur Hoeld takes over as CEO
Note: The information provided is based on publicly available data and may not reflect the company’s current situation.