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An activist investor group led by Ancora Advisors has effected change to five seats on asset-light trucking and logistics company
Forward Air s (NASDAQ: FWRD) board.
Forward announced Monday after the market close that it has appointed five independent and highly qualified directors in connection with an agreement with Ancora. The directors will join the board immediately and stand for election at the annual meeting on May 19.
New agreement brings back former leadership
The cooperation agreement between Forward and Ancora resulted in two director seats being designated by Ancora Scott Niswonger and Richard Roberts, both of whom held prior leadership roles at Forward. Ancora has endorsed the other three additions chosen by Forward George Mayes, Chitra Nayak and Javier Polit, which are said to have substantial experience across operations, finance and technology.
Check Out This Electric Vaccine Delivery Vehicle
Mar 10, 2021 at 9:51am ET ++
A recent report by
Green Car Congress sheds light on a new all-electric vehicle that delivers vaccines, though it really does a whole lot more. The Electric Vaccine Vehicle (EVV) was designed and manufactured by AYRO, a company that specializes in light-duty, short-haul, and last-mile delivery electric vehicles.
The self-contained EVV has the ability to safely store vaccine doses while it transports and delivers them to various locations. It also delivers disease testing materials.
Green Car Congress says the AYRO EVV is constructed with medical-grade equipment. It can be ordered via a partnership between designer AYRO and mobile food cart leader Gallery. The small, low-speed EV is designed to navigate into and out of tight areas to streamline and speed up the distribution of testing supplies and vaccines. Moreover, this EV can actually drive up to people who are in line for a vaccine, deliverin
The Daily Chase: Toronto home prices top $1M; oil rallies ahead of OPEC+ meeting
The average home price in the Greater Toronto Area broke through $1 million last month as low interest rates and the work-from-home trend fueled a surge in buying activity amid what the local real estate board is calling âhistoric demand.â Itâs not unlike the stunning growth that Vancouverâs real estate board reported yesterday, where sales in February were 43 per cent higher than the 10-year average. And it comes the same week that outgoing CMHC CEO Evan Siddall cleared the deck for his successor by owning up to the agencyâs call for a price correction thatâs failed to materialize.
The Week Ahead: RRSP contribution deadline; Canada GDP data bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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MDA Inc., the maker of the Canadarm, has appointed a new chief financial officer with deep public markets experience in advance of an expected initial public offering that could come as early as the first half of this year.
The Canadian company announced on Monday that it has hired Vito Culmone, who has previously served as CFO at several large, publicly traded companies including Shaw Communications Inc., WestJet Airlines Ltd. and Molson Coors Beverage Co.