Establishment Labs Says CEO to Retire; Shares Fall

MT Newswires Live

01-13

Establishment Labs Holdings (ESTA) said Monday that Juan Jose Chacon-Quiros will retire as chief executive officer on March 1.

Peter Caldini, currently president, will serve as interim CEO following Chacon-Quiros' retirement, while Chacon-Quiros will remain as a board member.

Establishment Labs also said it expects to report Q4 revenue of $44.5 million to $45 million. Analysts surveyed by FactSet expect $44.7 million

Shares of Establishment Labs were down more than 26% in recent trading.

Price: 34.83, Change: -10.96, Percent Change: -23.94

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