Aecom announces governance deal with starboard value

Aecom announces governance agreement with starboard value.aecom - michael burke, aecom chairman and ceo, has also notified board that he intends to retire.aecom - three new directors recommended by starboard to be appointed to board.aecom - will initiate ceo succession process, with burke continuing in his roles until successor is identified by or prior to 2020 annual meeting.aecom - under governance agreement, size of board is expanding to 11 members initially.aecom - following appointment of a new ceo, roles of chairman & ceo will be separated.aecom - peter feld and robert card will join board immediately, with jacqueline hinman joining by december 16.aecom - directors james fordyce and linda griego, have retired.aecom - one current director will not stand for re-election at 2020 annual meeting, ultimately reducing size of board to 10 members.aecom - as part of agreement, starboard has agreed to customary standstill provisions & voting commitments.aecom - current director steven kandarian will serve as board's lead independent director.aecom - terms of governance agreement with starboard include committee appointments, committee leadership roles, formation of a ceo search committee.aecom - shareholder engine capital has committed to vote its shares in support of all of co's director nominees at 2020 annual meeting.
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