Finally, Zagg (NASDAQ:ZAGG) is losing its Chairman and CEO Robert Pedersen. Perdersen has resigned from the company and gave no reason for his departure. Chief Operating Officer Randall Hales was appointed at interim CEO while the board searches for a permanent replacement.
Some analysts have cut their ratings on the stock in response to the resignation. So far this year Zagg's stock is up 19%.
Zagg stock plummeting on this personnel change. Its stock is down 14% to $7.25.