CSL announcement dragged down market, leaving investors furious

CSL shares slumped, dragging down the market, after the healthcare giant mis-timed the announcement of its chief executive’s departure, leaving investors furious.

At 4.05pm, just minutes before the closing bell, CSL said chief executive Paul McKenzie would retire after seven years with the company, including three in the top job. Gordon Naylor, who is on the board, will take over as interim chief executive.

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-nvidia-paces-tech-stocks-higher-20260210-p5o0vl