By Dean Seal
Shares of Olin fell after the chemical manufacturer said its chief executive will step down next year.
The stock was down 11% at $51.70 in midday trading on Friday. The shares are down 2.6% this year, and 3.5% in the last 52 weeks.
The Clayton, Mo.-based company said that Scott Sutton, who also serves as president and chairman of the board, is leaving in the first half of 2024 by mutual agreement.
Sutton, who took over as chief executive in September 2020, will stay on as executive chairman of the board until his departure to facilitate a smooth transition.
Write to Dean Seal at dean.seal@wsj.com
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