BUZZ - Standard Motor Products shares slightly fell after the chief financial officer announced resignation.
路透社2026/10/09 20:56On October 9, shares of auto parts manufacturer Standard Motor Products (SMP.N) edged down 0.4% in volatile after-hours trading, closing at $36.52. SMP announced that its Chief Financial Officer, Nathan Iles, will resign on October 30, as he plans to serve as CFO at another public company and move closer to his family. Current board member James Burke will serve as interim CFO starting October 30 until a permanent successor is appointed, according to the company's statement. “During his tenure, Nathan has played an important role in strengthening our financial organization, supporting our strategic growth plans, maintaining disciplined capital allocation, and enhancing our capabilities as a public company,” said CEO Eric Sills. As of the previous trading day close, SMP shares have declined slightly year-to-date.
October 9 - ** Shares of auto parts manufacturer Standard Motor Products (SMP.N) edged down 0.4% to $36.52 in volatile after-hours trading
** SMP stated that its Chief Financial Officer Nathan Iles (link) will resign on October 30, as he plans to become CFO at another listed company and relocate closer to his family
** Current director James Burke will serve as interim CFO from October 30 until a permanent successor is appointed, the company statement said
** "During his tenure, Nathan has played an important role in strengthening our financial organization, supporting our strategic growth plans, maintaining discipline in capital allocation, and enhancing our capabilities as a public company," said CEO Eric Sills
** As of the close of the last trading session, SMP has edged down so far this year
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