Sept 26 (Reuters) - Shares in Puma rose almost 4% on Thursday after the German sportswear maker appointed Markus Neubrand as its new chief financial officer and a member of the Management Board effective Oct. 1.
"Apparently the market gives advance praise", said Alexander Zienkowicz, an analyst from mwb research AG.
Neubrand has valuable "hands-on" field experience from his previous jobs at Guess and Hugo Boss, especially in the U.S. market, the analyst added.
The contract of current CFO Hubert Hinterseher, who has been in office since June 2021, will end by mutual agreement on Dec. 31, the company said.
Reporting by Amir Orusov and Anastasiia Kozlova, Editing by Madeline Chambers and Miranda Murray
Source: Reuters