India, March 5 -- Daktronics, Inc. (DAKT) Wednesday announced a slip to loss in third-quarter on lower revenues, compared to profit last year.
Currently, shares are down 16.82 percent at $11.92 on a volume of 266,529.
The company further said its Chairman, President and CEO Reece Kurtenbach will step down and transition to advisory role. Brad Wiemann, executive vice president, is appointed as interim CEO. Andrew Siegel, lead independent director will be the new Chairman of the Board.
Howard Atkins, Board member and former CFO of Wells Fargo is appointed as acting CFO and Chief Transformation Officer, while Sheila Anderson will be in Chief Data and Analytics Officer role.
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