Neogen (NEOG) said Wednesday that Chief Executive and President John Adent will step down.
The company said it is looking for a new CEO, adding that Adent will continue in his current roles until a successor is appointed.
Separately, Neogen reported that its fiscal Q3 adjusted earnings and revenue decreased from a year earlier, while the company cut its fiscal 2025 revenue outlook.
Neogen shares were down nearly 15% in recent premarket activity.
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