01:43 PM EDT, 06/03/2024 (MT Newswires) -- (Updates with share price movement in the headline and the first paragraph)

Coherent (COHR) shares jumped 19% in recent trading on Monday after the company appointed Jim Anderson as chief executive officer, effective immediately.

Anderson previously was CEO of Lattice Semiconductors. He succeeds Vincent Mattera, who is retiring.

Lattice shares fell 15%.

Price: 67.98, Change: +10.92, Percent Change: +19.14