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Carlyle hires former P&G exec. for Global Consumer & Retail group
NEW YORK — The Carlyle Group has appointed former Procter & Gamble executive Susan Arnold as an operating executive in the firm’s Global Consumer & Retail group. Arnold begins her new role at the firm in September.
As an operating executive, Arnold will provide strategic guidance to Carlyle professionals throughout the investment process, from sourcing to acquisition to exit and advise portfolio company executives on management, operational, branding and growth strategies.
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Office Depot extends olive branch to Starboard
Boca Raton, Fla. -- Office Depot is making a public offer to its largest shareholder, Starboard Value LLP, to settle a dispute about who should serve on its board of directors. In a press release, Office Depot said that if CEO Selection Committee members Tom Colligan and Marsha Evans are re-elected, the company would immediately invite to its board of directors any of the three Starboard nominees recommended by proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis who are not elected.