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Constellation Software founder Mark Leonard resigns, shares extend recent plunge after investor pressure
- Mark Leonard resigned immediately as President of Constellation Software Inc. on Thursday due to health reasons.
- Leonard founded Constellation in 1995 and stepped down after building it through acquiring niche software companies, amid questions about AI-related success.
- Shortly after trading began on the Toronto Stock Exchange, the company's shares fell sharply but later regained some of their value during the session.
- Mark Miller, who has dedicated 30 years to Constellation and previously served as Chief Operating Officer, was named President and expressed confidence that the company is well-equipped to maintain its progress moving forward.
- Leonard will remain on Constellation's Board of Directors, suggesting leadership continuity despite his executive departure amid stock volatility.
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16 Articles
16 Articles
Constellation Software shares sank on Thursday to 19.4% on the Canadian Stock Exchange after the decision of its founder, Mark Leonard, to leave the presidency, on health grounds. The so-called ‘Gandalf of the Stock Exchange’ will continue on the firm’s board of directors. Continue reading
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Coverage Details
Total News Sources16
Leaning Left6Leaning Right1Center5Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 42%
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