FuboTV Inc. (NYSE:FUBO) shares are trading in positive territory on Monday following the official executive leadership transition that took effect on Friday.
The move follows the company’s Thursday announcement that it named Walt Disney Company veteran Alisa Bowen as CEO, succeeding co-founder David Gandler.
The Nasdaq is down 1.77% while the S&P 500 has shed 0.70%, and FUBO’s upside stands out against the sector’s 0.51% gain.
Gandler, who co-founded Fubo 11 years ago, resigned from the Board of Directors in accordance with his employment agreement.
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