Over the course of the past weeks, the Amarin Corporation plc (NASDAQ: AMRN) stock has been under considerable selling pressure and the trend continued on Monday. However, on Monday, there was an important development as well that might have added to the pressure on the Amarin stock.
Yesterday it emerged that the Chief Executive Officer of the company John Thero has informed the Amarin board that he is going to step down from his position starting August 1 this year. There is the President of the company at this point as well.
However, it seems that a succession plan had already been in place. Amarin has named the senior vice president and the head of commercial operations in Europe, Karim Mikhail as the successor. He will serve as the company’s President and Chief Executive Officer from August 1. It will now be interesting to see if the Amarin stock can mount a recovery in the coming days.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.