(Updates with additional detail)
- Aecom and Starboard have entered a governance agreement, providing for appointment of three new independent directors recommended by Starboard Value
- Michael S. Burke, chairman and CEO, has also notified the board that he intends to retire
- The board will initiate a CEO succession process with Burke continuing in both roles until a successor is found by or prior to the 2020 AGM; after successor named, chairman and CEO roles will be separated
- Size of board is expanding to 11 members initially, with Peter Feld & Robert Card joining board immediately, Jacqueline Hinman joining by Dec. 16 ...
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