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Activist investor Litt mulling removal of Hudson's Bay directors after CEO exit

Published 2017-10-23, 10:01 a/m
© Reuters.  Activist investor Litt mulling removal of Hudson's Bay directors after CEO exit
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By Nichola Saminather

TORONTO, Oct 23 (Reuters) - Activist investor Jonathan Litt is considering seeking the removal of several directors at Hudson's Bay Co. HBC.TO at a special shareholder meeting following the abrupt departure of its chief executive officer.

"We are evaluating a number of proposals on which we believe the voices of shareholders should be heard - including the removal of directors from the Board - and will announce the full slate of proposals and next steps in the Special Meeting process shortly," Litt, chief investment officer at Land & Buildings Investment Management, said in a statement on Monday.

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