UPDATE 1-Cable maker Nexans announces CEO change, shares fall 9%

(Adds share move in paragraphs 1, 4, analyst quote in paragraph 3, lack of reasoning and context in paragraphs 2, 5) Oct 13 (Reuters) – French cable manufacturer Nexans said on Monday it had appointed Julien Hueber as its new CEO with immediate effect, sending its shares tumbling in early trading. Nexans said former CEO Christopher Guerin would stay with the company until October 31 to help Hueber with the transition. It did not give a reason for the change in the statement and could not be immediately reached for a comment. "This sudden CEO change is likely to create uncertainty, at least until the underlying reasons of this move won't be clearer," a Kepler Cheuvreux analyst said in a note to investors. Shares of Nexans were down more than 9% at 0747 GMT, on track for their biggest single-day drop since April 4 if the losses hold through the day. The company had announced at the end of July that deputy CEO and finance chief Jean-Christophe Juillard was also set to leave over the next few months. (Reporting by Mathias de Rozario and Jérôme Terroy in Gdansk, editing by Milla Nissi-Prussak)

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