Expanding Board To 14, Kenvue Gives Activist Investor Starboard One Of Four Seats It Sought

Starboard Value CEO Jeffrey C. Smith and former Bayer consumer health chief Erica Mann among three added to board at Kenvue, which increasing the number of seats temporarily from 11 to 14 until trimming it to 13 at its 2025 annual shareholders meeting on a date yet to be set.

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Kenvue Inc. appeases activist investor Starboard Value LP by appointing its leader to the Kenvue board, solving one of the two emerging problems management noted recently with its latest results.

The firm on 5 March announced adding Starboard Value CEO Jeffrey C. Smith and two people not affiliated with the private equity group to the Kenvue board, increasing the number...

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