Damon (DMN) said Thursday it has appointed Damon cofounder Dominique Kwong as interim chief executive officer, succeeding Jay Giraud.
Kwong previously served as chief technology officer and subsequently as chief operating officer of the company.
The motorcycle manufacturer gave no reason for the management shakeup, which also involves independent director Shashi Tripathi becoming chairman of the board. Tripathi is currently the CEO of Sleepiz USA.
Shares of the company were down nearly 11% in recent trading.
Price: 0.92, Change: -0.11, Percent Change: -10.68
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.