DroneShield Shares Fall as Chief Executive Vornik Steps Down

DroneShield Ltd. shares slumped after Oleg Vornik stepped down as chief executive officer following more than 10 years in the role.

The stock fell 14% to close at A$3.45 in Sydney trading Wednesday, continuing a rollercoaster ride that saw the defense firm’s market value soar more than 200-fold since its IPO, before being roiled late last year by a series of share sales by Vornik and other executives.