W.R. Grace Director Leaving Puts Pressure on Board, Analysts Say

W.R. Grace director Kathleen Reiland resigning from the board puts pressure on the management team to address “lackluster performance” in the stock, analysts wrote.

• NOTE: GRA rose as much as 11% intraday, after Kathleen Reiland resigned from the board due to her disagreement with the Board regarding the Company’s strategic direction
  • Meanwhile, GRA’s largest shareholder, 40 North Management LLC, raised its holding to 14.9% from 14%
• CL King analyst David Silver noted that prior to joining GRA’s Board, Reiland served as Head of Corporate Development and Strategy for 40 North Latitude Master Fund, which is currently the company’s largest shareholder ...