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Article Date: March 2018
Word Count: 201

Newell Proxy Fight Heats Up

Hedge fund Starboard Value LP nominated two additional directors to its full slate that it proposes should replace the Newell board, and reiterated its contempt for the company’s current management. The additions to Starboard’s slate are Bridget Ryan Berman, former CEO of Victoria’s Secret Direct, and Robert Steele, a 35-year Procter & Gamble veteran who held several senior roles there. The two added nominations are in response to Newell’s announcement last month that it would add two new independent directors, bringing the total number of board seats to 11. And last week, NWL director Ros L’Esperance, another Jarden veteran, resigned ... Log in to view full article.


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