e.l.f. Beauty submits to Marathon Partners’ pressure with new Board appointment

6-Jul-2020

The cosmetics company has appointed a new Director to its Board after mounting pressure from the private equity firm

e.l.f. Beauty submits to Marathon Partners’ pressure with new Board appointment

e.l.f. Beauty, the US cosmetics company, has reached an agreement with private equity firm Marathon Partners Equity Management and its affiliates.

Terms include the appointment of Lori Keith, Portfolio Manager of Parnassus Investments’ US$5bn Mid Cap Fund, as an independent Director to the Board effective immediately.

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The appointment of Keith to e.l.f.’s ...

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