DMC Global CEO abruptly steps down; interim co-execs named

BROOMFIELD — DMC Global Inc. (Nasdaq: BOOM) disclosed to regulators this week that Kevin Longe, the oilfield services provider’s CEO for nearly a decade, has stepped down effective immediately and has been replaced by two interim co-CEOs. 

The company, in its filing with the U.S. Securities and Exchange Commission, did not elaborate on the cause of Longe’s seemingly sudden departure, and a public-relations company retained by DMC Global didn’t immediately respond to a request for comment Wednesday morning. 

DMC said it expects to “enter into a separation agreement” with Longe, under which the former chief executive will receive “18 months of salary,…