JetBlue Airways Corp. agreed to give two board seats to Carl Icahn, heading off a potential proxy fight after the activist investor revealed a nearly 10% stake in the carrier.
Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, portfolio manager with Icahn Capital, will join the carrier’s board, JetBlue said in a statement Friday. The duo will serve initially as non-voting observers before gaining full voting rights after JetBlue’s annual shareholder meeting this spring, the company said. Their addition will expand the airline’s board to 13 members.
JetBlue Chairman Peter Boneparth said the carrier welcomed ...
