UPDATE: Raymond James Reiterated Joy Global at Market Perform, President and CEO Announced Plans to Retire

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In a report published by Raymond James, analyst Theoni Pilarinos maintained his Market Perform rating on Joy Global.Raymond James reported that, “Replacing Mr. Doheny is Randal W. Baker (49), currently President andCOO of the Surface Mining Equipment division. He will take on a newlycreated position of Corporate COO. In this role, Mr. Baker will oversee boththe Surface Mining Equipment and the Underground Mining Equipmentdivisions. Mr. Baker has served as EVP of Joy and as President and COO ofthe Surface Mining Equipment division since 2009. His previous experienceincludes acting as President and CEO of Case IH Agriculture Inc., and VPand General Manager of Komatsu Mining Systems.”Shares of Joy Global closed at $61.54 on Thursday.

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