Newell appoints four Icahn nominees to its board


(Reuters) – Newell Brands Inc (NWL.N), 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. FILE PHOTO – Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo 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
Source: Reuters