LivePerson Inc LPSN shares are trading higher by over 30% after it announced the departure of the Chief Executive Officer, Robert LoCascio, effective December 31, 2023.
The company is currently searching for a new CEO.
LoCascio will also resign from the board, and Jill Layfield, the Lead Independent Director of the Board, will be appointed as the Board Chair.
"Rob has been a technological disruptor and visionary in the way people connect with brands, establishing LivePerson as a global leader in Conversational AI. We are excited to capitalize on the launch of our new generative AI products and platforms, and are focused on identifying a CEO who will build on our market leadership and usher in the next chapter of growth to deliver enhanced stockholder value," said Jill Layfield.
Benzinga will have Robert LoCascio at the AI conference tomorrow, July 13.
Also Read: LivePerson's Latest Moves Leave Analyst Skeptical About Consistent Execution
Price Action: LPSN shares are up 29.8% at $5.53 on the last check Wednesday.
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