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Why Coherent Shares Are Seeing Blue Skies Today
Coherent Corp. (NYSE:COHR) shares are trading higher after the Board of Directors has appointed Jim Anderson as the new Chief Executive Officer, effective today.
Anderson is succeeding Vincent D. Mattera, Jr., who, as previously announced, is retiring as Chair and CEO of Coherent.
Anderson joined Coherent from Lattice Semiconductor Corporation (NASDAQ:LSCC), where he served as President, Chief Executive Officer, and a member of its Board of Directors. Lattice Semiconductor’s stock plunged following Anderson’s departure.
Prior to joining Lattice in 2018, Anderson was senior vice president and general manager of Advanced Micro Devices, Inc‘s (NASDAQ: