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Article Date: February 2018
Word Count: 348

Former Jarden Execs Launch Proxy Fight for Newell

Starboard Value LP, which owns about 4% of NWL shares, along with other investment funds are backing a full slate of 10 nominees to replace Newell’s board of directors, accusing the company of mismanagement following the acquisition of Jarden. Starboard has been working with former JAH CEOs Martin Franklin and Jim Lillie and former CFO Ian Ashken along with former JAH board member Domenico De Sole, all of whom resigned from the Newell board over the past month citing board dysfunction and differences of opinion with the company’s management. Starboard’s nominees include the four former JAH and NWL board members ... Log in to view full article.


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