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By Reuters Staff 2 Min Read (Reuters) - Private label food group TreeHouse Foods on Tuesday appointed two new independent directors to its board, three weeks after activist investment firm Jana Partners urged the company to consider selling itself. TreeHouse said it shares a “common perspective” with Jana, which has said the stock remains undervalued nearly three years into a turnaround. The company said its current share price does not reflect the progress it has made. Jana, which owns 7.4% of TreeHouse’s shares and has a history of pushing for change in the food and beverage industry,...

2 Min Read BOSTON (Reuters) - JPMorgan Chase has hired veteran banker Alfredo Porretti to head its shareholder activism defense efforts in North America as investors are launching new campaigns to push corporations into making significant changes, three sources said. FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky He will head Shareholder Engagement and M&A Capital Markets for North America and will be based in New York, the sources said. Porretti was previously head of Shareholder Advi...

Private label food group TreeHouse Foods on Tuesday appointed two new independent directors to its board, three weeks after activist investment firm Jana Partners urged the company to consider selling itself.

5 Min Read (Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance. FILE PHOTO: FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo/File Photo Exxon has fended off attempts in the past to get it to change its policies and leadership, but pressure has mounted since the top U.S. oil producer posted a historic annual loss for 2020 after t...

5 Min Read (Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance. FILE PHOTO: FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo/File Photo Exxon has fended off attempts in the past to get it to change its policies and leadership, but pressure has mounted since the top U.S. oil producer posted a historic annual loss for 2020 after t...