Activist investor Carl Icahn judges he will nominate four people to join the board of Xerox at the annual shareholder convention next year.
The move on Monday comes after former Icahn Superb managing director Jonathan Christodoro resigned from Xerox’s feed on Friday, fearing it would make decisions and take the company in a directing in which he “strongly disagrees,” Xerox said on Monday.
Christodoro joined Xerox’s timber in 2016 as part of an agreement with Icahn, and his departure ends that set-up, clearing the way for new nominations. Icahn Associates is Xerox’s biggest outside shareholder, with a 9.4 percent ante, and Icahn first disclosed a stake two years ago.
Xerox split into two parties last year: Conduent, which contains its business services segments, and Xerox, the equipment maker. The Wall Street Journal reported on Monday that Icahn was end to shake up Xerox’s top management in this latest fight. A date for the shareholder junction has not yet been set.
Icahn’s new slate of nominees includes Christodoro; Keith Cozza, also associated with Icahn; Jay Firestone, the CEO of Girl Pictures, and Randolph Read, the CEO of Nevada Strategic Credit Investments, an investment endowment.