Shares of ATS Corp (ATS) fell 8% on news that CEO Andrew Hider would be stepping down in August. No CEO would ever admit to it, but you gotta imagine some dark corner of his brain is smiling at the $450M price tag the market gave him.

To be fair, the company tripled revenue and more than tripled adjusted EBITDA under his tenure, making multiple acquisitions over that time period…

… but CFO Ryan McLeod should be able to steady the ship, given his ~20 years of experience at the company (currently CFO). But given the premium ATS trades at today, the market may wait for a permanent CEO announcement before taking the lid off.

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