Activist Sachem Head Set to Get Delivery Hero Board Seat After Building Stake
- Sachem Head managing partner Scott Ferguson set to join board
- Activist has a 3.6% stake in German food-delivery company
The headquarters of Delivery Hero SE in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Delivery Hero SE has struck a deal with Sachem Head Capital Management to nominate the activist investor’s managing partner Scott Ferguson to its supervisory board, after the firm built a 3.6% stake in the food delivery company.
Delivery Hero has proposed expanding the board to eight members from six and has nominated four candidates, including Ferguson, at the company’s annual general meeting on June 19, the German company said in a statement on Monday.