Geospace Technologies (GEOS) has provided an announcement.
The Company is ushering in a new era of leadership as Richard Kelley steps up as President and CEO on October 1, 2024, following his impactful tenure as Executive VP and COO. Meanwhile, the Board has given a nod to a more robust stock repurchase program, boosting the buyback capacity from $5 million to $7 million, empowering the company to strategically acquire shares on the open market or through private transactions, with flexibility in timing and volume based on market conditions.
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