02:26 PM EST, 12/17/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) on Tuesday appointed Hans T. Gieskes as the company's chair of the board and interim chief executive officer. In addition, it said Director Arnaud Ajdler will serve as the Board's Lead Independent Director until such time as the company recruits a permanent CEO.

This comes after DND announced earlier Tuesday that its old board had resigned and the company was appointing nominees of shareholder Engine Capital LP, including Arnaud Ajdler, to make up a new board, effective immediately.

In its latest update, the company said the new board had formed a search committee headed by Anthony P. Kinnear to lead the search and recruitment process for DND's permanent CEO.

Shares of the company were last seen down $1.14 or 5.3%, at $20.29 on the Toronto Stock Exchange.

Price: 20.30, Change: -1.13, Percent Change: -5.27