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Brenntag sees off ‘activist’ candidates

At their AGM on 15 June, Brenntag shareholders voted for the company’s supervisory board candidates and rejected alternatives from ‘activist’ investor PrimeStone Capital, which has been agitating for a radical change in strategy. All of the motions proposed by the board were also approved, including a €2/share divided payout.

Richard Ridinger was re-elected as a member of the supervisory board with 62.71% of the votes cast, while Sujatha Chandrasekaran was newly elected with 61.79%. At its constituent meeting following the AGM, the supervisory board elected Ridinger as chairman.

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