IN BRIEF: New chair completes leadership change at Somero Enterprises

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Somero Enterprises Inc - Fort Myers, Florida-based concrete-levelling equipment - Promotes Bob Scheuer to non-executive chair, replacing Larry Horsch from Wednesday. Scheuer has been on the board since 2015. As an executive, he worked at US industrial manufacturer Dover Corp and at Kraft Foods Inc. The appointment of a new chair completes a change at the top of Somero. Tim Averkamp took over as chief executive officer at the beginning of this month, replacing Jack Cooney.

Current stock price: 242.50 pence

12-month change: down 28%

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