Impactive Capital is seeking to reshape the board of WEX Inc, including a proposal to replace its long-serving chief executive from her board roles, according to a report by Reuters citing regulatory filings and unnamed sources familiar with the matter.
The activist investor, which holds roughly a 5% stake, is pressing shareholders to vote out three current directors, including CEO Melissa Smith in her capacity as board chair. While Impactive is not seeking to remove her as chief executive, it a...
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