Harvard Bioscience’s Bertrand Loy to Step Down
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Harvard Bioscience's CEO, Bertrand Loy, will step down and not seek re-election at the 2025 Annual Meeting, concluding his tenure since 2014. His departure is amicable, with the Board expressing gratitude for his service. The company faces significant financial challenges, including declining revenue and profitability, compounded by negative technical trends. Spark's analysis rates HBIO as an underperformer, highlighting risks such as debt covenant non-compliance and management changes, despite potential opportunities. Year-to-date, HBIO's stock has dropped 80.54%, with a current market cap of $17.44M.
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