Carl Icahn places two members on Hain Celestial's board
Carl Icahn 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.
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