Masimo CEO Joe Kiani ousted from board after proxy fight; Politan wins two seats
MASIMasimo(MASI) CNBC·2024-09-20 05:51

Activist investor Politan Capital won the two board seats it was seeking at medical technology company Masimo, defeating founder and CEO Joe Kiani and another director, Chris Chavez, at the shareholder vote.Masimo shares rose more than 2% in extended trading. Politan nominees Darlene Solomon and Bill Jellison will join Politan investment chief Quentin Koffey and former Johnson & Johnson executive Michelle Brennan, who obtained board seats in a prior proxy fight last year."We look forward to meeting with, le ...