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Icahn plans to nominate two directors to Kroger board

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Stock Markets18 minutes ago (Mar 29, 2022 03:32PM ET)


Icahn plans to nominate two directors to Kroger board © Reuters. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File Photo


(Reuters) -Kroger Co said activist investor Carl Icahn submitted an intent to nominate two directors for election to its board, citing concerns around animal welfare in the company’s supply chain, following a similar push at McDonald’s Corp (NYSE:).

Supermarket chain Kroger (NYSE:) said on Tuesday it is not directly involved in raising or processing of any animals. Icahn has nominated Alexis Fox and Margarita Paláu-Hernández to stand for election to Kroger’s board, during the company’s 2022 annual meeting.

Fox is the co-founder of Lighter, a startup that focuses on plant-based diet, while Paláu-Hernández is the founder and chief executive at Hernandez Ventures, a private firm involved in Spanish-language media, business, and real estate ventures.

Icahn nominated Leslie Samuelrich and Maisie Ganzler in February to stand for election to McDonald’s board of directors in an escalating fight over the treatment of pigs by the burger chain’s suppliers.

Earlier this month, Icahn called on McDonald’s to make a global pledge to eliminate the use of metal enclosures to house pregnant pigs.

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