(Reuters) – Starboard LP is planning to take management of agricultural firm Corteva (NYSE:) Inc’s board and exchange its Chief Govt Officer Jim Collins, The Wall Road Journal reported late on Wednesday, citing individuals accustomed to the matter. https://on.wsj.com/35ZmERY
Starboard LP has privately nominated eight administrators to Corteva’s 12-person board, the journal reported, including that the activist is aiming to oust Collins over ‘mediocre efficiency’.
Starboard and Corteva didn’t instantly reply to Reuters requests for remark exterior common enterprise hours.
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