Activist investor Oasis proposes five new board members for Kao
Oasis has nominated five independent Director candidates to add to the Board of Kao at its AGM, which is scheduled for March 21, 2025. The activist investor, which owns a 5.2 percent stake in the J-beauty giant said it is seeking to transform Kao into a ‘global leader’. The post Activist investor Oasis proposes five new board members for Kao appeared first on Global Cosmetics News.
THE WHAT? Oasis has nominated five independent Director candidates to add to the Board of Kao at its AGM, which is scheduled for March 21, 2025. The activist investor, which owns a 5.2 percent stake in the J-beauty giant said it is seeking to transform Kao into a ‘global leader’.
THE DETAILS Oasis said in a statement that two-thirds of Kao’s investors view its strategy for sustained growth as unsatisfactory, and that Kao’s response to its attempts to engage has been slow, inconsistent and often defensive.
THE WHY? Seth Fischer, Founder & Chief Investment Officer of Oasis, reveals, “With Kao’s world-class brands, the company can, and should, be a global leader. However, unlocking this potential requires an ambitious, growth-oriented strategy led by an independent and highly-qualified Board. Shareholders now face a clear choice: support the election of outside directors with the expertise needed to drive growth, or maintain the status quo. There is no downside risk — only the opportunity to strengthen Kao’s leadership, focus, and strategic direction.”
The post Activist investor Oasis proposes five new board members for Kao appeared first on Global Cosmetics News.
