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Zimmer Biomet (ZBH) Plunges to 13-Year Low on Finance Chief Resignation
Zimmer Biomet (ZBH) saw its stock plunge to a 13-year low despite strong Q1 earnings, following the immediate resignation of its CFO, Suketu Upadhyay. Paul Stellato will serve as interim CFO while the company searches for a permanent replacement. The market reacted negatively to the CFO’s departure, overshadowing the 30.8% net income jump and 9.3% increase in net sales reported for the first quarter.