– USA, CA – GCP Applied Technologies, Inc. (NYSE: GCP), a leading global provider of construction products technologies, today announced that Peter Feld, managing member of Starboard Value, a 9% shareholder of GCP, was named independent Chairman of the Board.
GCP also announced certain changes to the board committee structures and membership and the creation of a new Strategy, Operating and Risk Committee which will work with management to analyze opportunities to further enhance performance at GCP. In addition, the Corporate Responsibility Committee has been combined with the existing Nominating and Governance Committee.
Peter Feld, Chairman of the Board, said, “Following the election of the new board at the annual meeting of shareholders last week, we have moved quickly to reconstitute the board committees to ensure a smooth transition and seamless governance and oversight. We will continue to evaluate additional opportunities to enhance our governance to best serve all shareholders of GCP.”
He continued, “The board would also like to thank the management for welcoming us to GCP and working with us constructively through this transition. We are excited about what we have seen and are looking forward to a strong partnership between the board and the management team.”
About GCP Applied Technologies
GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the VERIFI in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the world’s most renowned structures.
For more information: https://gcpat.com/en
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