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Hexcel Corp

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"Hexcel Stock Plunges After 'Unnerving' CEO Pick and Downgrade by Bank of America"

Originally Published 1 year ago — by Yahoo Finance

Hexcel Corp., a major Boeing supplier, saw a significant stock drop after announcing Tom Gentile as its new CEO, drawing concern on Wall Street due to his previous abrupt resignation from Spirit AeroSystems Holdings Inc. Analysts expressed unease over Gentile's hiring, citing his history at Spirit and the company's quality problems, cash generation issues, and margin expansion challenges. Hexcel's shares plunged as much as 13% following the CEO announcement.

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"Boeing Supplier Hexcel's Stock Plunges on 'Unnerving' CEO Change"

Originally Published 1 year ago — by Bloomberg

Hexcel Corp.'s shares plummeted after appointing Tom Gentile, who recently resigned as the head of Spirit AeroSystems Holdings Inc., as its new CEO, causing concern among investors due to Spirit AeroSystems' manufacturing quality issues. Gentile will take over as CEO on May 1, with current CEO Nick Stanage becoming executive chairman until his retirement at the end of the year.

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