Flooring company Interface Inc. said Tuesday it has terminated Chief Executie and President Jay Gould for cause over violations of its working environment policies. The company named Dan Hendrix, most recently chairman of the board, as new CEO with immediate effect as it launches a search for a successor. Gould was ousted after “an investigation concluded that he engaged in personal behavior that violated company policy and core values,” the Atlanta, Georgia-based company said in a statement. In a filing with the Securities and Exchange Commission, the company said he would not be entitled to a severance payment. Shares were not yet active premarket, but have gained 7% in the last 12 months, while the S&P 500 has gained 25%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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