BUZZ-Alight up after naming new CEO

Reuters08-26

(Updates)

** Shares of U.S. benefits services provider Alight up 1.5% to $7.3, at a near one-month high

** ALIT names Dave Guilmette as CEO, replacing Stephan Scholl who had stepped down in August, when co reported its Q2 results

** Departing CEO Scholl will also step down from the board of directors

** In May, ALIT appointed Guilmette as independent director to its board

** In Feb 2024, Reuters reported activist hedge fund Starboard Value built a 7.8% stake in co in a push for changes

** Of nine analysts tracking ALIT, eight rate "buy" or higher, while one rates "hold"; median PT at $10.5 - LSEG data

** ALIT is down 16.1% YTD

(Reporting by Pranav Kashyap in Bengaluru)

((Pranav.Kashyap@thomsonreuters.com; +919886482111;))

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