Fortrea Holdings Adds Russell to Board in Connection With Starboard Agreement

Dow Jones

02-22

By Josh Beckerman

Contract-research organization Fortrea Holdings will appoint Erin L. Russell to its board in connection with a cooperation agreement with activist investor Starboard Value.

Starboard, which reported a stake in October 2023, now owns about 5.4% of Fortrea.

Russell serves on the boards of Modivcare, eHealth and Kadant, and was a principal of Vestar Capital Partners.

Starboard has a right under the agreement to appoint a Starboard representative to the board in certain circumstances beginning in August.

Activist investor Corvex Management disclosed a Fortrea stake in a 13-F filing in November.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

February 21, 2025 18:40 ET (23:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Russell to its board in connection with a cooperation agreement with activist investor Starboard Value. \n</p>\n<p>\n  Starboard, which reported a stake in October 2023, now owns about 5.4% of Fortrea. \n</p>\n<p>\n  Russell serves on the boards of Modivcare, eHealth and Kadant, and was a principal of Vestar Capital Partners. \n</p>\n<p>\n  Starboard has a right under the agreement to appoint a Starboard representative to the board in certain circumstances beginning in August. \n</p>\n<p>\n  Activist investor Corvex Management disclosed a Fortrea stake in a 13-F filing in November. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 21, 2025 18:40 ET (23:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513724934","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513724934","pubTimestamp":1740181200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Contract-research organization Fortrea Holdings will appoint Erin L. 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Russell to its board in connection with a cooperation agreement with activist investor Starboard Value. \n\n\n  Starboard, which reported a stake in October 2023, now owns about 5.4% of Fortrea. \n\n\n  Russell serves on the boards of Modivcare, eHealth and Kadant, and was a principal of Vestar Capital Partners. \n\n\n  Starboard has a right under the agreement to appoint a Starboard representative to the board in certain circumstances beginning in August. \n\n\n  Activist investor Corvex Management disclosed a Fortrea stake in a 13-F filing in November. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 21, 2025 18:40 ET (23:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}