Engine Nominates Two Highly Qualified Candidates for Election to MRC Global’s Board of Directors at the 2024 Annual Meeting
Arnaud Ajdler, Engine’s Founder and Managing Member, commented:
- Arnaud Ajdler, Engine’s Founder and Managing Member, commented:
“Engine has spent months engaging with MRC on its current strategy, capital allocation approach and Board composition. - Considering the size of our ownership position and our significant concerns, it is disappointing the Company has resisted working with us.
- In our view, a Board that owns de minimis stock should not be willing to spend stockholder capital to keep an investor-designee from serving on a nine-member Board.
- We look forward to engaging with our fellow shareholders on the case for adding stockholder-designees to MRC’s boardroom.