joseph.mallia@newsday.com" />
TODAY'S PAPER
49° Good Morning
49° Good Morning
Business

Carl Icahn places two members on Hain Celestial's board

Carl Icahn

Carl Icahn Photo Credit: AP file, 2007

Melville-based natural foods company Hain Celestial Group Wednesday disclosed that it has appointed two new board members — including Carl Icahn’s son, Brett.

The move came after corporate raider Carl Icahn, left, in May raised his stake in Hain Celestial from 7 percent to 11.9 percent. Icahn has said he believes Hain's shares are undervalued.

"Brett Icahn and David Schechter have been appointed to (Hain's) board of directors pursuant to an agreement with investment funds managed by Carl Icahn (the "Icahn Group")," Hain Celestial said in its news release.

Under the terms of the agreement Icahn will support the company's slate of directors — including the two new appointees — at its next annual meeting.

--------------------
Read more of Inside Long Island Business

Comments

We're revamping our Comments section. Learn more and share your input.

More news