CEO resignation unrelated to quarterly loss, says Noble Group founder

Richard Elman, now acting chief executive, said Ricardo Leiman’s departure was planned for some time.

According to a Reuters report, Elman said the resignation had nothing to do with the third-quarter loss.

Meanwhile the report also noted, “An investment firm linked to Elman's family bought 10 million of Noble shares on Thursday as the price plunged by more than a quarter.”

View the report here.

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