Lumber Liquidators Holdings (LL) announced Thursday morning that Robert M. Lynch has unexpectedly resigned as CEO and President of the company. Thomas D. Sullivan will serve as interim CEO as the company searches for a replacement.
Lumber Liquidators gapped open sharply lower Thursday, but was range-bound throughout the session. Shares finished down by 4.17 at $21.10 on strong volume. The stock sank to a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News