Enviri Announces Update to its Board of Directors Refreshment Plan
Enviri (NYSE: NVRI) announced updates to its Board refreshment plan through a cooperation agreement with Neuberger Berman Investment Advisers. The company will add two new independent directors in 2025, mutually agreed upon by both parties. The first appointment will coincide with the 2025 Annual Meeting, and the second will occur within eight months.
As part of the plan, two incumbent directors will step down: one at the 2025 Annual Meeting and another at the following Annual Meeting. The company has already refreshed its Board with three new members in the past four years and plans additional changes in 2026. This initiative aims to enhance skillsets aligned with the company's long-term strategy.
Neuberger Berman, a long-term shareholder, expressed strong belief in Enviri's potential and commitment to working with management to unlock significant value during the company's transformation phase.
Enviri (NYSE: NVRI) ha annunciato aggiornamenti al suo piano di rinnovo del Consiglio attraverso un accordo di cooperazione con Neuberger Berman Investment Advisers. L'azienda nominerà due nuovi direttori indipendenti nel 2025, concordati reciprocamente da entrambe le parti. La prima nomina coinciderà con l'Assemblea Annuale del 2025, e la seconda avverrà entro otto mesi.
Come parte del piano, due direttori in carica si dimetteranno: uno all'Assemblea Annuale del 2025 e l'altro alla successiva Assemblea Annuale. L'azienda ha già rinnovato il suo Consiglio con tre nuovi membri negli ultimi quattro anni e prevede ulteriori cambiamenti nel 2026. Questa iniziativa mira a migliorare le competenze allineate con la strategia a lungo termine dell'azienda.
Neuberger Berman, un azionista di lungo termine, ha espresso una forte convinzione nel potenziale di Enviri e si è impegnato a collaborare con la direzione per sbloccare un valore significativo durante la fase di trasformazione dell'azienda.
Enviri (NYSE: NVRI) anunció actualizaciones a su plan de renovación de la Junta a través de un acuerdo de cooperación con Neuberger Berman Investment Advisers. La empresa añadirá dos nuevos directores independientes en 2025, acordados mutuamente por ambas partes. El primer nombramiento coincidirá con la Junta Anual de 2025, y el segundo ocurrirá dentro de los ocho meses siguientes.
Como parte del plan, dos directores actuales se retirarán: uno en la Junta Anual de 2025 y otro en la Junta Anual siguiente. La empresa ya ha renovado su Junta con tres nuevos miembros en los últimos cuatro años y planea cambios adicionales en 2026. Esta iniciativa tiene como objetivo mejorar las habilidades alineadas con la estrategia a largo plazo de la empresa.
Neuberger Berman, un accionista a largo plazo, expresó una fuerte creencia en el potencial de Enviri y su compromiso de trabajar con la dirección para desbloquear un valor significativo durante la fase de transformación de la empresa.
Enviri (NYSE: NVRI)는 Neuberger Berman Investment Advisers와의 협력 계약을 통해 이사회의 갱신 계획에 대한 업데이트를 발표했습니다. 회사는 2025년에 서로 합의된 두 명의 새로운 독립 이사를 추가할 예정입니다. 첫 번째 임명은 2025년 연례 총회와 일치하고, 두 번째는 8개월 이내에 이루어질 것입니다.
계획의 일환으로, 두 명의 현직 이사가 사임합니다: 한 명은 2025년 연례 총회에서, 다른 한 명은 다음 연례 총회에서 사임합니다. 회사는 지난 4년 동안 3명의 새로운 멤버로 이사회를 이미 갱신했으며, 2026년에도 추가적인 변화를 계획하고 있습니다. 이 이니셔티브는 회사의 장기 전략에 부합하는 기술 세트를 강화하는 것을 목표로 하고 있습니다.
장기 주주인 Neuberger Berman은 Enviri의 잠재력에 대한 강한 믿음을 표현했으며, 회사의 변혁 단계에서 상당한 가치를 창출하기 위해 경영진과 협력하겠다는 의지를 보였습니다.
Enviri (NYSE: NVRI) a annoncé des mises à jour de son plan de renouvellement du Conseil à travers un accord de coopération avec Neuberger Berman Investment Advisers. L'entreprise ajoutera deux nouveaux administrateurs indépendants en 2025, d'un commun accord entre les deux parties. La première nomination coïncidera avec l'Assemblée Générale 2025, et la seconde aura lieu dans les huit mois suivants.
Dans le cadre du plan, deux administrateurs en poste démissionneront : l'un lors de l'Assemblée Générale 2025 et l'autre lors de l'Assemblée Générale suivante. L'entreprise a déjà renouvelé son Conseil avec trois nouveaux membres au cours des quatre dernières années et prévoit des changements supplémentaires en 2026. Cette initiative vise à améliorer les compétences alignées avec la stratégie à long terme de l'entreprise.
Neuberger Berman, actionnaire de longue date, a exprimé une forte confiance dans le potentiel d'Enviri et s'est engagé à travailler avec la direction pour débloquer une valeur significative pendant la phase de transformation de l'entreprise.
Enviri (NYSE: NVRI) hat Aktualisierungen seines Plans zur Erneuerung des Vorstands durch eine Kooperationsvereinbarung mit Neuberger Berman Investment Advisers bekannt gegeben. Das Unternehmen wird 2025 zwei neue unabhängige Direktoren hinzufügen, die von beiden Parteien einvernehmlich vereinbart wurden. Die erste Ernennung wird mit der Jahreshauptversammlung 2025 zusammenfallen, die zweite wird innerhalb von acht Monaten erfolgen.
Im Rahmen des Plans werden zwei amtierende Direktoren zurücktreten: einer bei der Jahreshauptversammlung 2025 und der andere bei der folgenden Jahreshauptversammlung. Das Unternehmen hat seinen Vorstand in den letzten vier Jahren bereits mit drei neuen Mitgliedern erneuert und plant weitere Veränderungen im Jahr 2026. Diese Initiative zielt darauf ab, Fähigkeiten zu verbessern, die mit der langfristigen Strategie des Unternehmens in Einklang stehen.
Neuberger Berman, ein langfristiger Aktionär, hat stark an das Potenzial von Enviri geglaubt und sich verpflichtet, mit dem Management zusammenzuarbeiten, um während der Transformationsphase des Unternehmens einen erheblichen Wert zu schaffen.
- Board refreshment initiative demonstrates active corporate governance improvement
- Strategic collaboration with major shareholder Neuberger Berman shows investor confidence
- Planned addition of new directors with specific skillsets aligned to company strategy
- None.
Enters into Cooperation Agreement with Neuberger Berman Investment Advisers
PHILADELPHIA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams, today announced that, under its ongoing Board refreshment plan, the Company will add two new independent directors to its Board of Directors this year as part of a cooperation agreement with Neuberger Berman Investment Advisers (“Neuberger Berman”).
Enviri has refreshed its Board with three new members within the last four years and has anticipated making further enhancements with a focus on skillsets that will advance the Company’s longer-term strategy. To that end, the Enviri Board will appoint two new independent directors mutually agreed upon by the Company and Neuberger Berman, the first in connection with the Company’s 2025 Annual Meeting of Stockholders and the second within eight months. Consistent with the Company’s Corporate Governance Principles and its Board refreshment plan, one incumbent director will not stand for re-election at the 2025 Annual Meeting, and a second will not stand for re-election at the following Annual Meeting. In addition, the Company expects to continue to make changes to its Board of Directors in 2026 as part of its Board refreshment plan.
"Excellence in corporate governance, ongoing board refreshment and active engagement with stockholders are fundamental to Enviri, and we are pleased to continue building on these principles with today’s announcement,” said Enviri Chairman and CEO Nick Grasberger. “We look forward to welcoming exemplary members to our Board this year and in the future. Our directors are focused squarely on the execution of Enviri’s strategic priorities to drive meaningful growth and deliver sustainable value, and we will continue to engage with Neuberger Berman and our stockholders as we progress on these initiatives.”
Benjamin Nahum, Senior Portfolio Manager and Managing Director, Neuberger Berman, commented, “We have been long-term shareholders in Enviri and strongly believe in the Company and its share price potential. Enviri is at an inflection point as the Company executes its transformation, and we believe that there is significant value to be unlocked. We are committed to working with management to achieve the Company’s full potential. In this spirit, we look forward to collaborating with the Board to identify candidates whose expertise can address the Company’s operating priorities while promoting long-term shareholder value. With the support of fresh voices on its Board, we are confident in Enviri and its management team’s ability to position the Company to drive increased value for stockholders. We also appreciate the ongoing, constructive dialogue we have had with Enviri over the years.”
Enviri and Neuberger Berman have entered into a customary cooperation agreement. The full cooperation agreement will be filed by Enviri on a Form 8-K with the U.S. Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements intended to be covered by the “safe harbor” provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company provides the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the results contemplated by forward-looking statements, including the expectations and assumptions expressed or implied herein. Forward-looking statements can be identified by the use of such terms as "may," "could," "expect," "anticipate," "intend," "believe," "likely," "estimate," "outlook," "plan," "contemplate," "project," “target" or other comparable terms. Factors that could cause actual results to differ, perhaps materially, from those implied by forward-looking statements include, but are not limited to those set forth on the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q.
About Enviri
Enviri is transforming the world to green, as a trusted global leader in providing a broad range of environmental services and related innovative solutions. The Company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their most complex environmental challenges and to achieve their sustainability goals. Enviri is based in Philadelphia, Pennsylvania and operates in more than 150 locations in over 30 countries. Additional information can be found at www.enviri.com.
| Investor Contact David Martin +1.267.946.1407 dmartin@enviri.com | Media Contact Karen Tognarelli +1.717.480.6145 ktognarelli@enviri.com |
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