Two current and investor-backed directors of C.H. Robinson’s board are expected to be renominated by the brokerage to continue serving in their roles, according to a regulatory filing.
Shareholders will be asked to vote to retain retired FedEx Ground President and CEO Henry Maier and Henry “Jay” Winship, founder, president and managing member of Pacific Point Capital to the company’s board, the filing noted.
Ancora Catalyst Institutional and other investors made an agreement with C.H. Robinson to get Maier and Winship appointed in 2022. That was among a slew of changes that increased the size of the board, shifting it from 10 directors to 12.
Ohio-based Ancora is an activist investor and doesn’t shy away from providing its stances on company matters. It separately has been vocal about Forward Air’s performance and encouraged the carrier cancel a merger with Omni Logistics.
The investment firm made another agreement with C.H. Robinson last month, which calls for renominating the pair of directors. If that happens, Ancora and affiliates won’t seek any other individuals for the board.
Maier, who retired from FedEx in 2021 after more than three decades with the company, has over 40 years of transportation industry experience, according to the brokerage. He currently serves as a director on the boards and various committees of CalAmp, CarParts.com and Canadian Pacific Kansas City.
Before co-founding Pacific Point in 2016, Winship was a principal, senior managing director and investment committee member of Relational Investors LLC and has more than 25 years of finance experience, C.H. Robinson’s website notes.
The brokerage has not set the date for its annual shareholders meeting.
