Aecom Governance Agreement

As part of the agreement between the AECOM and Starboard Board of Directors, three new members have been appointed to the Board of Directors, including Feld, who also heads Starboard`s research department. His two new board colleagues have experience managing major engineering and construction companies: Robert Card, former executive chef of SNC-Lavalin Group Inc., a Montreal-based engineering and construction company with 40,000 people worldwide; And Jacqueline Hinman, former CEO of CH2M Hill Cos. Ltd., a Denver-based engineering and environmental firm, which was purchased in December 2017 for $3.3 billion by Dallas-based Jacobs Engineering Group Inc. The company also announced today a governance agreement with shareholder Starboard Value LP, which provides for the appointment of three new independent directors recommended by Starboard, including Starboard Managing Member Peter A. Feld, to AECOM`s Board of Directors. On Friday, Peter A. Feld, a member of AECOM`s Board of Directors, Chairman of the Board`s Executive Research Committee, resigned due to disagreements over the CEO search process and the Board`s decision to proceed with a vote without notifying the research committee in advance. (RTTNews) – AECOM (ACM) has announced that it has entered into a governance agreement with Starboard Value LP, an investment firm and shareholder of the company, which provides for the appointment of three new independent directors recommended by Starboard. Initially, the size of the office will be increased to 11 members. As part of the agreement, Starboard CEO Peter Feld will join AECOM`s Board of Directors. With regard to the agreement, the shareholder of AECOM Engine Capital has committed to choose its shares to support all appointees to the AECOM Director at the 2020 Annual Meeting.

As part of the new governance agreement, AECOM`s Board of Directors will initially be 11 members. Among the changes to the board, Mr Feld said: “We are pleased to have reached this constructive agreement with AECOM. We believe the company is well positioned as an industry leader and I look forward to working with my board colleagues to ensure continued profitable growth, first-rate corporate governance and a focus on shareholder value added. We share the Board`s appreciation for Mike`s strong leadership and continued support of the company.¬†The terms of the governance agreement with Starboard include, among other things, the appointment of committees, the direction of the committee and the creation of a CEO research committee. As part of the agreement, Starboard accepted the usual status quo provisions and voting commitments. Keywords ACM aecom Amec Foster Wheeler bco CH2M HILL darden restaurants Dow Chemical dri executive move featured govcon governance agreement insperity International Paper IP Jacqueline Hinman james fordyce linda griego Longenecker magellan Health Marvell Technology Group mgln Michael Burke MRVL nlok nortonlifelock nsp peter feld robert card snc-lavalin group Starboard Value steven kandarian talisman partners the brink`s company the r. es card group Tyco International westinghouse electric Under the governance agreement with Starboard , in addition to Burke`s resignation, AECOM`s Board of Directors has announced that the roles of Chairman of the Board of Directors and Chairman of the Board of Directors will be separated.