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ExOne's shares are set to close on the back foot.ExOne (NASDAQ: XONE) looks set to close the week down after announcing the appointment of a new chief legal officer on Monday (March 11th).
This sort of market fluctuation is not, however, unusual for companies that have not long been on the market, as the company only went public in February.
Nevertheless, at 15:45 GMT today, shares in the 3D printing company slumped by 2.3 per cent to $30.01 per unit.
ExOne announced this week that it appointed JoEllen Lyons Dillon as chief legal officer and corporate secretary - a newly-created position at the company.
Ms Dillon's remit is to oversee all of ExOne's global legal matters, while she will serve as corporate secretary to the board of directors and will be an executive officer of the company.
Chief executive officer Kent Rockewell commented: "We are extremely pleased to have JoEllen join our executive team. During our initial public offering we recognised that she has the experience and leadership skills to assist our board and management team as we pursue our strategic objectives."
