Manufacturer Rogers to add two Starboard director nominees to board (updated)

Rogers

27/02/2023 12:24

(Adds details)
       Feb 27 (Reuters) - U.S. industrial equipment manufacturer Rogers Corp
 ROG.N  said on Monday it has entered into an agreement with Starboard Value LP
to add the activist investor's two nominees as directors on the company's board.
    Rogers said it has appointed former Linde plc executive Anne Roby and former
chief of C&D Technologies Inc Armand Lauzon as new independent directors.
    Upon completion of the company's annual meeting, the board will be composed
of nine members, eight of whom are independent, Rogers added
    Starboard owns around 6.5% stake in Rogers.   

 (Reporting by Pratyush Thakur in Bengaluru; Editing by Shailesh Kuber)
 ((pratyush.thakur@thomsonreuters.com;))