EBOS Group (ASX:EBO) has just announced a change to its board.
EBOS Group is pleased to announce the appointment of Mr Mark Bloom as an independent director, effective 16 September 2022.
Mr Bloom is currently a non-executive director of ASX listed Abacus Property Group, AGL Energy Limited and Pacific Smiles Group Limited.
Shares of EBOS Group have risen 0.382% following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.