Power Solutions International Shares Drop Following Resignation of CFO Xun Li
Shares of Power Solutions International (PSIX) fell 6.4% during Monday's trading session following the announcement that Chief Financial Officer Xun (Ken) Li will resign from his position. The resignation is set to take effect on November 27, as Li departs to pursue a new professional opportunity. Li has served as the company's CFO since August 2022. The sudden leadership transition in the finance department contributed to immediate downward pressure on the stock price as investors reacted to the departure of a key executive.
Tickers: $PSIX
Topics: CFO resignation stock price movement