IHS Chemical Week

People & Business :: Companies

Investment firms seek Ferro board spots, criticize management

12:00 PM MST | January 25, 2013 | Vincent Valk

Investment firms FrontFour Capital and Quinpario Partners have nominated a slate of three candidates for Ferro’s board of directors, according to a regulatory filing. The group, which includes former Solutia CEO Jeffry Quinn as well as former Solutia corporate development head Nadim Qureshi, will be up for election at Ferro’s 2013 annual meeting. FrontFour and Quinpario collectively own a 3.2% stake in Ferro. Ferro’s board has nine directors.   The firms have also submitted a letter sharply criticizing Ferro management and strategy, noting...

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