RCS - Corvex Management - Corvex requests vote on Whitbread board seat

Corvex

22/09/2026 07:00

RNS Number : 6711V
  
Corvex Management LP
  
22 September 2026
  
 



22 September 2026


 


 


Corvex Management requests shareholder meeting to approve board representation at Whitbread PLC


 


Corvex Management LP ("Corvex"), on behalf of funds advised by it, has today sent a notice to requisition a general meeting to the Board of Directors (the "Board") of Whitbread PLC ("Whitbread" or the "Company") (LON: WTB) requesting that the Company convene a general meeting of shareholders for the purpose of electing James Gemmel, a Partner at Corvex, to Whitbread's Board of Directors.


 


Corvex has been a shareholder in Whitbread since 2024, holds c. 6.4% of its shares and has an economic interest (including such shares) representing approximately 7% of total shares outstanding. Whitbread has materially underperformed its peers and the wider market over multiple time horizons and is trading at a significant discount to its peers. In Corvex’s view, the Board’s recent strategy review failed to address Whitbread’s underlying challenges and was poorly received by the market.


 


Corvex is not seeking control of Whitbread and is not demanding a sale of the Company. It is asking for a single seat on the Board, to work in a collegiate and constructive manner with no predetermined agenda, to benchmark the Company's current strategy against every credible alternative to establish a pathway that maximises value for all. 


 


The full text of the letter to the Board and shareholders can be found here.


 


Contacts


 


Media: corvex@apcoworldwide.com


 


Shareholders: corvex@georgeson.com


 


 


The terms of the website disclaimer found here are included by reference into this announcement and should be noted.


 



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