Constellation Software shares close week down 17 percent after founder and CEO steps down

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Constellation Software founder and CEO Mark Leonard stepped down after 30 years, citing health reasons, and will remain on the board. The company appointed Mark Miller, previously head of Volaris Group, as president in his place. The announcement followed recent investor attention on Constellation’s AI strategy and came amid a sharp drop in the company’s share price. Constellation remains a major software holding company that acquires and operates vertical software businesses worldwide.

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