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AECOM announced Board changes

Key Summary:On June 20, 2019, Starboard (4%) praised the company’s plan to spin off its management services segment but called for a broader strategic review, including considering the sale of its construction services segment. On November 22, 2019, the company and Starboard agreed to expand the board to 11 members, appointing Peter A. Feld and Robert G. Card, with Jacqueline C. Hinman joining by December 16, 2019. On December 8, 2020, they announced the nominations of Diane C. Creel and Sander van’t Noordende as independent directors for the 2021 annual meeting, with two current directors not seeking re-election.

Market Cap: $7.4 billion | AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide.

  • On June 20, 2019, Starboard (4%) commended the company for its plan to spin off the management services segment but urged a broader strategic review to enhance shareholder value, including evaluating the sale of its construction services segment. Source
  • On November 22, 2019, the company reached an agreement with Starboard to expand its board to 11 directors immediately, appointing Peter A. Feld and Robert G. Card, with Jacqueline C. Hinman to follow by December 16, 2019.
  • On December 8, 2020, the company and Starboard announced the nominations of Diane C. Creel and Sander van’t Noordende as new independent directors for the 2021 annual meeting, with two current directors opting not to seek re-election. Source

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