SmartRent (SMRT) Stock Plunges 21% as CEO Steps Down

Group 1 - SmartRent's CEO Lucas Haldeman has resigned, with John Dorman stepping in as interim CEO and chairman of the board [1][2] - The board expressed gratitude for Haldeman's contributions and indicated a need for a CEO with a different skill set for the company's next growth phase [2] - SmartRent has suspended its full-year 2024 outlook due to the CEO change, increasing market headwinds, and a reduction in its channel partner program [2] Group 2 - Following the announcement of the CEO departure, SmartRent's stock (NYSE:SMRT) dropped by 20.6%, with approximately 4.3 million shares traded, significantly higher than the daily average of 1.3 million shares [4][6]