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Dialight – reckons after 10 years as a director of the company, CEO and board both decided on the same day that the CEO would leave!

By Steve Moore | Friday 16 February 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Considering itself a “global leader in sustainable LED lighting for industrial applications”, Dialight (DIA) has announced a CEO change with non-executive director Steve Blair to now become CEO as “by mutual agreement with the board, Fariyal Khanbabi has decided to step down as Chief Executive Officer and as a director of the company with immediate effect”. So the board and Fariyal both just decided, after 10 years as a board director, on the same day that Fariyal would leave did they?!
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