- Graham Holdings Co (NYSE:GHC) stated that Barry Holden, president and CEO of its manufacturing division Hoover Treated Wood Products, will retire later this year.
- “Barry is a remarkable leader who has built a business that we can all be proud of. On behalf of everyone at Graham Holdings, I want to thank him for 50 years of exceptional service,” said Graham CEO Timothy J. O’Shaughnessy.
- David Gillrie has been named to succeed Holden as Hoover’s CEO.
- Gillrie earned a BS in business administration and an MSA from Central Michigan University.
- Price Action: GHC shares traded flat at $547.41 on the last check Tuesday.
Market Volatility Eases Slightly Following Hopes Of China COVID-19 Policy Change
US stocks closed mostly lower on Tuesday with markets awaiting guidance on the Federal Reserve's rate increase strategy.
US oil futures closed higher in the prior session on hopes that China would loosen its strict covid-19 restrictions that had raised concerns over the worldwide economic growth.
