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Activist Sachem Head Set to Get Delivery Hero Board Seat After Building Stake [BNN Bloomberg (Canada)]
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Delivery Hero has proposed expanding the board to eight members from six and has nominated four new candidates, including Ferguson, at the company's annual general meeting on June 19, the German company said in a statement on Monday. Sachem Head had previously considered seeking a replacement for Delivery Hero Chief Executive Officer Niklas Oestberg, seeing the company's operating performance and share price as disappointing compared with peers, Bloomberg News reported earlier. Read More: Activist Fund Sachem Head Said to Build Delivery Hero Stake “We see great promise in the food delivery market and Delivery Hero's strong competitive positions in highly attractive markets,” Ferguson said in a statement. “I look forward to working with the other members of the supervisory board and the management board to help the company realize its full potential.” Martin Enderle has agreed to resign as chairman at the June meeting, and the company proposed Kristin Lund, the outgoing CEO of
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