Germany s Bayer has proposed that Jeffrey Ubben, one of Wall Street s most prominent activist investors, be appointed as a non-executive director, it said on Thursday, as it announced a leadership.
(Bloomberg) — Bayer AG plans to add activist investor Jeffrey Ubben to its supervisory board in the latest shakeup at the troubled chemicals and drugs company before a capital markets event next week. Ubben, the founder of Inclusive Capital Partners in California, is one of three new independent candidates that the German company will propose…
Germany's Bayer has proposed that Jeffrey Ubben, one of Wall Street's most prominent activist investors, be appointed as a non-executive director, it said on Thursday, as it announced a leadership change at its consumer products unit. The changeover comes as the diversified group faces a deluge of problems including stifling debt, U.S. litigation alleging harm from a weed-killer, a major drug development setback, weak agriculture markets and investor pressure to separate or sell businesses. Ubben, who is a member of Bayer's sustainability council, has been among a number of investors who have long urged the company to consider a break-up, but he has kept a low profile.
Bayer proposes Ubben for board seat, swaps consumer unit boss streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.