Activist investor seeks to oust Americold Chair Mark Patterson over “problematic boardroom behavior”
An activist investor is pushing Americold Realty Trust to remove Mark Patterson as the chairman of the firm’s board of directors, citing his tenure on the board of scandal-ridden office landlord Paramount Group. Sieve Capital has launched a campaign focusing on Patterson and his unnamed boardroom allies for pursuing short-sighted deals and bringing poor governance practices to Americold, a cold-storage REIT. Sieve wants Americold to remove Patterson as chairman or decline to nominate him at the firm’s upcoming annual shareholders meeting “If shareholders take the time to review publicly available information pertaining to Mr. Patterson’s history as a fiduciary, we […]
This article originally appeared on The Real Deal. Click here to read the full story.
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