Berkeley Group experienced a significant drop in share prices due to the announcement that its CEO, Perrins, will step down and transition to the role of chairman. This leadership shift caught investors off guard. It led to a sell-off, impacting market confidence in the company’s future strategy. Leadership transitions can often unsettle stock prices, as investors digest the implications for corporate governance and operational direction. Investors will need to watch closely for further announcements and how the company plans to maintain its market position moving forward.