Kenvue He established his struggle for Proxy with the value of the activist star, adding three new directors to his advice.
Jeff Smith of Starboard will join the Johnson & Johnson Spinoff Council, along with Sarah Hofstetter, President of Profitero, a platform for e -commerce performance analytics and Erica Mann, former chief of the pharmaceutical company Bayer’s Consumer Health Division.
« Sarah’s digital marketing experience experience, the experience of the Erica consumer health industry and the perspective of JEFF investors and the extensive service in corporate boards will further strengthen the Council with complementary skills and additive value, » said Larry Merlo, President of the Kenvue Council, in a statement Wednesday.
CNBC reported in October that I had starboard accumulated significant participation to the company and expressed its disappointment for its management and price performance.
Kenvue is the manufacturer of iconic brands known to both the investors and the wider audience, such as Aveeno, Band-Aid, Listerine, Neutrogena, Tylenol and J&J’s Namsake Baby Powder and Shampoo.
J&R completed its separation from Kenvue in August 2023, but the pharmaceutical company still has a participation in the consumer goods giant. She marked the greatest jet in J&J’s story almost 140 years old.
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