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.
Categories
Recent Posts

Compass’ listing fight has landed in New York City

FARE Act proves law of conservation of money

350 Park’s $3.3B loan underscores office trophy market’s
financing strength

NY Dirt: Council pushes back on appeals board
nominee

NYC’s top deals: Billionaires’ Row pad trades for 30%
loss

Michigan judge tosses $6M lawsuit over 1 Park Row condo
project

Homeowners sue to halt New York City pied-á-terre tax
rollout

Gasping for air: Aby Rosen tries to kill SL Green’s air
rights deal in latest round of Madison Ave power struggle

Foreclosure lawsuit settled at Jeff Sutton’s 29 West 34th
Street

Tishman Speyer moves to sell 6 Grand Central office


