Alight, Inc. announces the appointment of Dave Guilmette and Coretha Rushing as independent directors, as part of a cooperation agreement with Starboard Value LP. Discover how these appointments reflect the company’s commitment to governance and shareholder value.
Appointment Details:
- Dave Guilmette and Coretha Rushing join Alight’s Board of Directors immediately.
- Guilmette brings extensive experience in healthcare and benefits industry leadership, while Rushing offers expertise in HR and public board governance.
Board Evolution and Cooperation Agreement:
- The Board, in collaboration with Starboard, seeks to appoint an additional independent director with industry-specific executive experience.
- An investor day is scheduled post-transaction to discuss the company’s financial outlook and long-term strategy.
Leadership Perspectives:
- William P. Foley, II, Chair of the Board, and Stephan Scholl, CEO, express confidence in the new appointees and commitment to strategic execution.
- Peter Feld of Starboard acknowledges the constructive dialogue and highlights the expertise brought by Guilmette and Rushing.
Cooperation Agreement Summary:
- Starboard withdraws director nominations for the 2024 annual meeting and commits to standstill and voting agreements.
- The agreement will be filed with the SEC for transparency.
Learn how Alight’s board appointments and cooperation with Starboard signal a commitment to governance excellence and shareholder value enhancement, positioning the company for continued growth and strategic execution.
