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Business & Economics

Starboard nominates four directors to Kenvue's board

Reuters
Summary
Nutrition label

81% Informative

Hedge fund Starboard Value has nominated four directors, including its chief investment officer.

Kenvue did not immediately respond to a Reuters request for comment.

Shares of the company have fallen 21% since their debut on the New York Stock Exchange in May 2023 .

The activist investor has previously said that the skin health and beauty segment's lackluster growth is the reason for the stock's underperformance.

VR Score

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