IHS Chemical Week

People & Business :: People/Executives

Activist Investor Gains Board Seat at Chemtura

1:40 PM MDT | February 7, 2007 | Robert Westervelt

Chemtura says that Edward P. Garden, a principal and co-founder of hedge fund Trian Fund Management (New York), has been named to Chemtura’s board. Trian manages funds that recently acquired a beneficial ownership interest of slightly less than 5% of Chemtura’s common stock, the company says. Wood: Adding financial expertise. Trian says it “seeks to invest in undervalued and under-performing public companies, and prefers to work closely with the management of those companies to effect positive change through active, hands-on influence and...

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