Shares of Germany's SGL tumble after profit warning, CEO resignation
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FRANKFURT (Reuters) - Shares of German carbon fibre maker SGL Group tumbled 32% to their lowest in nearly 17 years on Thursday after the company withdrew its forecasts for the next three years and said its CEO quit over flawed business planning.The company, in which German billionaire Susanne Klatten owns a 28% stake alongside smaller stakes held by carmakers BMW and Volkswagen , also warned profit this year would fall short of a forecast it affirmed just last week.SGL shares fell 32% to 3.68..