Grifols Rises as Founding Family Leaves from Executive Roles (1)

Grifols SA’s shares rose after announcing a management reshuffle that included removing family members from executive positions and naming a new chief executive officer.

The Spanish blood plasma product maker was up 2.8% to €10.675 per share at 9:55 a.m. in Madrid Tuesday, after rising as much as 4.6% earlier. The shares were down 31% this year prior to the start of trading Tuesday.

On Monday, the company announced that Raimon Grifols is stepping down as chief corporate officer and Victor Grifols Deu will leave his role as chief operating officer. Both are members of the firm’s founding family ...