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Southwest Fuel (NYSE:SWX) stated Friday evening that it reached a agreement settlement with Carl Icahn, permitting the activist investor to call as much as 4 administrators to its board.
Southwest Fuel (SWX) President and CEO John Hester will likely be changed via present Govt VP Karen Haller, efficient instantly.
Haller will likely be appointed to the corporate’s board instantly following the 2022 annual shareholders assembly, which has been rescheduled for Would possibly 19.
The deal requires Icahn to nominate 3 administrators instantly, with the best to call a fourth if Southwest Fuel (SWX) fails to spin off Centuri Workforce inside 90 days.
Icahn started his combat with Southwest Fuel in October, when he adversarial the corporate’s deliberate $2B deal to shop for Questar Pipelines from Dominion Power.
