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What: Shares of enterprise software maker Progress Software
So what: The company's current CEO, Richard Reidy, had previously announced on Aug. 1 that he would step down as soon as a successor was found, after spending 27 years with the company. Progress has tapped Jay Bhatt as its new leader, starting Dec. 5.
Now what: Bhatt was previously the head of Autodesk's
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Autodesk. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.