Aecom announces governance agreement with starboard value

On november 22, 2019, aecom announced that a governance agreement with starboard value lp, which provides for the appointment of 3 new independent directors recommended by starboard value, including starboard managing member, peter a. feld, to the company’s board of directors. the company added that under the governance agreement, the size of the company’s board is expanding to 11 members initially. the company stated that peter a. feld and robert g. card would join the board immediately, with jacqueline c. hinman joining by december 16, 2019. the company also stated that the directors james h. fordyce and linda m. griego, who have served on the company’s board since 2006 and 2005, respectively, have retired. in addition, the company stated that 1 current director would not stand for re-election at the company’s 2020 annual meeting expected to be held in march, ultimately reducing the size of the board to 10 members.
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