Activist investor Alex Denner in the spotlight again as the Medicines Company shrinks its board
The Medicines Company $MDCO is downsizing its board from 12 to 7 directors in a move that will give activist investor Alex Denner considerable control of the company.
In an SEC filing, the company stated that the decision is “a result of the rapid and significant evolution our business and the narrowing of our operational focus onto inclisiran.”
The directors who will be nominated at the annual shareholder meeting are Denner, Medicines Company CEO Clive Meanwell, Fredric Eshelman, Geno Germano, John Kelly, Paris Panayiotopoulos, and Sarah Schlesinger. Schlesinger was appointed just two days ahead of the announcement about restructuring, and is one of three board members with close ties to Denner.
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