the CEO is 87 what better time to leave than at the top of your game, the CFO is 66 an even better time to leave when you can still enjoy life. I wish them both well and a happy life. I retired at 64 and wish I had done so at 62, it is wonderful doing other things and at a slower pace when you want to.
Mr Armstrong is a smart candidate. Maybe now there will be more talk about expanding into other markets/industries. Harry was solid, but in my opinion a little too conservative. Hopefully Armstrong will breed some additional innovation, and expansion into other industries.. Personally, i think its great news, what the market thinks we will know tomorrow.. planned retirements can always be sped up by the board, so maybe this was a board decision. they wanted new blood..
Obviously prcp is finally starting to carry a higher valuation.. A long way to go to catch up to prlb's PE but maybe with a new CEO, we get closer to a PE of 30. Heck if prcp can eek out .80-1.00 that is 25-30 a share.. I think Prlb forward pe is 60....
yea for submarines! LOL actually the Italian company he was employed at is pretty well known in the mechanical industry. I just hope "Armie" doesn't introduce the Italian work ethic over here, for instance the 6 week summer vacation schedule. Never could get anyone on the phone no matter how urgent.
Well, to take them at their word, this appears to be part of a planned retirement process that may have been under way for some period of time given a number of candidates were interviewed and an executive search firm engaged and a search committee was involved.
perhaps they feel they have served their function getting the company to point A, and that another team would serve shareholders even better getting the company from point A to point B. Or maybe they just want to enjoy their "golden" years, and pursue other interests. YOLO.