09:55 AM EDT, 10/24/2024 (MT Newswires) -- Phunware ( PHUN ) said Thursday it named Stephen Chen as interim chief executive following the retirement and resignation of Michael Snavely as CEO.

Chen, former chair of Phunware's ( PHUN ) board, has assumed the interim role effective Oct. 22, the company said.

Phunware ( PHUN ) shares were falling past 10% in recent trading.

Price: 12.62, Change: -1.52, Percent Change: -10.75