How did Bega Cheese (ASX:BGA) shares perform today?

November 07, 2022 05:42 PM AEDT | By Ritwika

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How did Bega Cheese (ASX:BGA) shares perform today? — Image source: © rufatjumali | Megapixl.com

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Highlights:

Bega Cheese closed a tad lower on the ASX on Monday (7 November 2022).

The company’s CEO has recently stepped down from his position, and a new board member has been appointed as the transition CEO.

The shares of Bega Cheese Limited (ASX:BGA), manufacturer of cheese and dairy products, closed on a negative note on the ASX on Monday (7 November). The company’s share price fell marginally by 0.934% to end at AU$3.180 per share today.

The share price of Bega Cheese has come down by almost 42% on the ASX in a year. Moreover, on a year-to-date (YTD) basis, the company’s share price has fallen nearly 43% on the ASX (as of 3:27 PM AEDT today).

Recent updates from Bega Cheese

On 26 October 2022, Bega Cheese announced that its CEO Paul van Heerwaarden would be stepping down from his position of chief executive officer in the coming months.

Barry Irvin, Executive Chairman of Bega Cheese, said:

In its latest update, Bega Cheese stated that Paul had worked for the company for 13 years in various executive roles.

Bega Cheese will appoint Pete Findlay as the transition CEO of the company. Findlay is, at present, the chief operating officer of Bega Cheese.

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