Civeo Corp. Down After Hours; Einhorn Seeks CEO Ouster

shares fell in the extended session Wednesday after an activist investor boosted his stake to nearly 10 percent and pushed for the ouster of the company's chief executive. The investor, David Einhorn of Greenlight Capital, said Civeo Chief Executive Bradley Dodson has lost shareholders' "support and confidence" and should be replaced. Houston, Texas-based Civeo, which provides worker housing at remote oil and mining operations, recently said it will move its base to Canada and rejected a strategy of restructuring as a real estate investment trust. Einhorn also said the company should return capital to shareholders through dividends while taking on additional debt "to make its capital structure more appropriate for a real estate company." Civeo recently changed hands at $12.26 a share, down nearly 4 percent.