Pressure is mounting on ASM International CEO Chuck del Prado to quit, the Financieele Dagblad says on Thursday.
The paper reports that influential investment advisor RiskMetrics has given its support to activist shareholders who want to replace Del Prado at this month’s AGM. ‘ASMI needs fresh blood,’ RiskMetrics’ Jean-Nicolas Caprasse tells the paper.
Asset manager Hermes and hedge fund Fursa, which own a combined 25% of the company, have been putting pressure on ASMI to change direction for some two years.
The Del Prado family owns about 22% of the shares.
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