Filtronic Shares Fall 30% after Poor Results; CEO Resigns

London -- Filtronic Plc, a U.K.-based wireless-telecommunications
equipment maker, announced that John Roulston, its chief
executive officer, has resigned by "mutual consent". News of
Roulston's departure, coupled with a larger-than-expected £2.9-
million loss for the first half, sent Filtronic shares on the London
Stock Exchange down by as much as 30% in late afternoon
trading. The company said Roulston would be replaced by current
chairman David Rhodes, while acting senior non-executive director
Rhys Williams will act as temporary chairman.
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