March 19, 2018 / 10:46 AM / 4 months ago

Newell appoints four Icahn nominees to its board

March 19 (Reuters) - Newell Brands Inc, in which activist investor Carl Icahn disclosed a 6.86 percent stake on Friday, said on Monday it would appoint Icahn's four nominees to its board immediately.

Patrick Campbell, Brett Icahn, Andrew Langham and Courtney Mather are the Icahn's nominees elected to the board, with Campbell to serve as the new Chairman, Newell said.

The company is in a proxy battle with another activist investor, Starboard Value LP, who is pushing to replace Newell's entire board of directors and its chief executive officer. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below