Starboard Value Nominates Three Highly Qualified and Independent Candidates for Election to Algonquin Power's Board of Directors [Yahoo! Finance]
Algonquin Power & Utilities Corp. Corporate Units (AQNU)
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Source: Yahoo! Finance
Algonquin Power & Utilities Corp. (NYSE: AQN) (TSE: AQN) ("Algonquin" or the "Company") with an ownership stake of approximately 9.0%. Today, Starboard announced that it has nominated three highly qualified candidates (the "Starboard Nominees") for election to the Company's Board of Directors (the "Board") at the 2024 Annual General Meeting of Shareholders (the "Annual Meeting"), which has been scheduled for June 4, 2024. The Starboard Nominees are Brett Carter, Chris Lopez and Rob Schriesheim. In connection with its nominations, Starboard sent the below letter to the members of the Board. March 21, 2024 Board of Directors Algonquin Power & Utilities Corp. 354 Davis Road Oakville, Ontario Canada L6J 2X1 Dear Members of the Board, As you know, Starboard Value LP (together with its affiliates, "Starboard") is the largest shareholder of Algonquin Power & Utilities Corp. ("Algonquin" or the "Company"), with an ownership stake of approximately 9.0%. We have spent a signif
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