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  5. ATS: Hi there, Do you know if there’s anything behind the departure of the CEO and hence stock price drop today? [ATS Corporation]
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Q: Hi there,

Do you know if there’s anything behind the departure of the CEO and hence stock price drop today?

Thanks.
Asked by Robert on July 07, 2025
5i Research Answer:

After the ATS announcement, Baxter International announced that Andrew Hider was appointed new CEO, effective Sept. 03. So, essentially, Mr. Hider simply took a different CEO job. Baxter is a larger company (about 3x) and is not a competitor to ATS. The CFO of ATS was appointed interim CEO. Thus, nothing seems likely to be amiss at ATS but it does add some uncertainty. 

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