Wall Street analyst John Bridges, of J.P. Morgan, said a succession plan for McAllister had been initiated a year ago when two new board members came on, so it came as no surprise he's leaving.He added that the primary changes sought by Schweitzer and the Clinton Group already have come to pass, with the company pulling back on spending in Argentina and devoting more capital to expansion plans in Montana.
Schweitzer Elected Chairman Of Stillwater Board
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts