Activist investor Politan Capital secures two board seats at Masimo, with CEO Joe Kiani expected to resign.
Activist investor Politan Capital has secured two board seats at Masimo, replacing founder and CEO Joe Kiani, who is expected to resign following the vote. Politan, which holds a 9% stake, aims to influence company strategy, including a potential split of its consumer business. With this victory, Politan now controls four of six board seats, and shares rose 2.6% in after-hours trading. Official vote tallies have yet to be released.
September 19, 2024
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