Cruiser Capital sharpens critique of Ashland, formally nominates four directors

摘要

Hedge fund Cruiser Capital (New York) has formally nominated four directors to Ashland’s board, as it announced it would do last month. The four are William Joyce, a former CEO at Union Carbide and Hercules; Allen Spizzo, a former CFO of Hercules; Pat Gottschalk, a former executive at Dow Chemical; and Carol Eicher, a former CEO of polyurethane foam maker Innocor and executive at Dow. Cruiser owns a 2.5% stake in Ashland, amounting to about 1.5 million shares.