Grace to Nominate Two Additional Directors
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
investor.grace.com
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Source: GlobeNewswire
COLUMBIA, Md., Feb. 20, 2019 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) today announced plans to nominate two additional directors in connection with its 2019 Annual Meeting of Stockholders. Henry (Hank) Slack, Chairman of Alico, Inc., and Kathleen (Kathy) Reiland, Global Head of Strategy and Development at Standard Industries Inc., will be added to the slate of nominees recommended by the Grace Board for election at the 2019 Annual Meeting. With the addition of two new directors, the Grace Board would expand from nine to 11 directors. Grace’s decision to add two directors is made in collaboration with the Company’s largest shareholder, 40 North Latitude Master Fund Ltd. (“40 North”), which owns approximately 14 percent of the Company’s outstanding shares. “We have a longstanding relationship with 40 North and appreciate their perspectives as a significant, long-term shareholder,” said Hudson La Force, President and Chief Executive Officer. “Our recent investments to accel
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