Boulder Brands shares plunge as CEO resigns, revenue decline projected

BOULDER – The share price for Boulder Brands Inc. (Nasdaq: BDBD) plunged more than 21 percent in Wednesday morning trading following announcements that CEO Stephen Hughes has resigned and that the company is expecting decreased sales in the second quarter.

Chief operating officer James Leighton has been appointed by the company’s board of directors to serve as interim CEO while the company carries out a national search for a replacement.

The change in leadership comes just three months after Hughes, a cofounder, was replaced as chairman of the…