1. Investor Elliott Urges Germany's GEA Group to Appoint CEO

    Investor Elliott Urges Germany's GEA Group to Appoint CEO

    (Reuters) - Activist shareholder Elliott called on GEA Group to appoint a new chief executive quickly, replace Chairman Helmut Perlet and buy back shares, adding to pressure for speedy and sweeping changes at the German food processing company...

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    1. Elliott urges the Company to announce a new CEO without further delay and, once appointed, invites the new CEO to commence a strategic review in which all options to enhance stakeholder value should be considered.
    2. By acting decisively and swiftly in the wake of the recently announced departures of its CEO and CFO, and getting the right leadership and governance in place, GEA can regain its investors' trust and avoid a lengthy period of business drift and market uncertainty.
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