Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery - Says that John Yuncza has stepped down from his role as president, effective August 28. He has also left his seat on the board of directors.

Following Yuncza's departure, Chief Executive Officer Jack Cooney will take on his responsibilities on an interim basis until a successor has been found. Somero says it has already started looking for a replacement.

CEO Jack Cooney says: "Having previously served the dual role of CEO and President for 25 years, I'm intimately familiar with it and look forward to re-assuming the additional responsibility until the search for John's successor is complete. The business is in a strong position, with a wealth of exciting opportunities ahead and I look forward continuing to drive growth."

Current stock price: 290.50 pence, down 2.5% on Tuesday

12-month change: down 35%

By Holly Beveridge, Alliance News reporter

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