"Hexcel Stock Plunges After 'Unnerving' CEO Pick and Downgrade by Bank of America"
Hexcel Corp., a major Boeing supplier, saw a significant stock drop after announcing Tom Gentile as its new CEO, drawing concern on Wall Street due to his previous abrupt resignation from Spirit AeroSystems Holdings Inc. Analysts expressed unease over Gentile's hiring, citing his history at Spirit and the company's quality problems, cash generation issues, and margin expansion challenges. Hexcel's shares plunged as much as 13% following the CEO announcement.
