Stantec announces that its CEO of the last eight years will retire at the end of this year to be replaced by another long-time Stantec executive.
This looks like business as usual. Stantec has always named its new CEO’s from within. This is a sign of a company that believes in its own people. The exiting CEO will also remain on the company’s Board. That’s another Stantec tradition.
I don’t see anything negative in this development.
https://finance.yahoo.com/news/stantec-announces-appointment-president-ceo-104500601.html