RTTNews | Oct 27, 2020 10:38AM EDT

10:38 Tuesday, October 27, 2020 (RTTNews.com) - Shares of Synalloy Corp. (SYNL) are gaining nearly 20% after the company announced that Chris Hutter will take over as Interim CEO as CEO Craig Bram will retire next month.

SYNL is currently trading at $4.86, up $0.78 or 19.12%, on the Nasdaq.

Synalloy announced that Bram will retire as President and Chief Executive Officer and as a member of Board of Directors, effective as of the filing of the Company third quarter Form 10-Q, currently expected to be on November 9, 2020.

Hutter, a current member of the Board of Directors, has been appointed as the company's Interim President and Chief Executive Officer.

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