12:01 PM EDT, 04/05/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Enphase Energy ( ENPH ) shares slipped 5.5% in recent Friday trading after the company said in a Thursday filing that David Ranhoff will step down as its chief commercial officer, effective June 30 and will transition to a part-time role as commercial adviser.

Ranhoff's current role will be filled by two senior vice presidents, the company said.

Price: 114.11, Change: -6.67, Percent Change: -5.53