Stock Groups

Jana Partners nominates two to TreeHouse’s board -Breaking

by Mike Robinson

[ad_1]

© Reuters.

(Reuters) – Hedge fund Jana Partners announced on Thursday that it has nominated two directors for the TreeHouse Foods Board of Directors (NYSE:) Inc. The nominations come months after Jana Partners pushed for major changes in the packaging food company.

After being pressured by activist investors, the private-label food company said that it is exploring various options.

Jana Partners on Thursday nominated Chris Sliva, and Wendy Beck for the board in a regulatory filing.

Sliva served as the chief executive officer at AdvancePierre Foods. The company was purchased by Tyson Foods In 2017, Inc (NYSE 🙂 Beck was a CEO at Domino’s Pizza Inc (NYSE 🙂 and Norwegian Cruise Line (NYSE 🙂 Holdings Ltd.

Jana Partners holds a greater than 9% share in TreeHouse. This was revealed by a U.S. Securities and Exchange Commission filing.

TreeHouse has not yet responded to Reuters’s request for comment.

Jana Partners has a reputation for pushing for improvements at Whole Foods as well as Pinnacle Foods. Whole Foods was sold later to Amazon (NASDAQ) and Pinnacle was purchased by Conagra Brands. (NYSE:).

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from relying on data including charts, buy/sell signals, and quotes. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]