Americold board rejects activist investor’s attempt to oust chairman

Americold Realty Trust’s board of directors has rejected an activist investor’s request to oust the chairman of the board.  Activist investor Sieve Capital publicly called for the removal of Mark Patterson over “problematic boardroom behavior” and short-sighted dealmaking. The investor cited Patterson’s tenure serving on the board of the office landlord Paramount Group, which is now under an Securities and Exchange Commission investigation.  On Wednesday, the cold storage REIT’s board announced in its annual proxy statement — which is sent out ahead of the firm’s annual shareholder meeting in May — that it will renominate Patterson as its chairman. “The […] This article originally appeared on The Real Deal. Click here to read the full story.