U.S. based Distributor adopts new Policy for Directors’ Retirement
Global chemicals and ingredents distributor Univar, Inc. (Downers Grove, IL – United States) announced that the Board of Directors will be reduced in size from 13 to 11 Directors at the 2020 annual meeting. The Board has also adopted a retirement policy for directors. According to this policy, “any director who is 75 years of age or older before date of the annual meeting of stockholders cannot stand for reelection at the the upcoming meeting or any future meeting”.
Source: Univar press release
HGE – DCG / 05.08.2019