Cannae Holdings, Inc. Expands Board of Directors
27 Febbraio 2024 - 10:10PM
Business Wire
~ Doug Ammerman named to fill new Board seat
~
Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”)
today announced that its Board of Directors voted to expand the
size of its board to twelve members, and elected Doug Ammerman as
an independent member of its Board of Directors, effective February
27, 2024.
Mr. Ammerman, a retired partner of KPMG LLC, joins eleven
current Cannae board members with extensive expertise and
experience across multiple industries. Mr. Ammerman will serve as a
director until the Company’s next annual meeting of shareholders
and will be nominated for election as a Class III director at the
Corporation’s 2024 annual meeting of shareholders, to serve a
two-year term.
“I have worked with Doug for almost 20 years, and I am delighted
to have him join Cannae’s Board of Directors,” noted William P.
Foley, II, Chairman and Chief Executive Officer. “Doug brings
proven leadership, financial acumen, and strategic vision to an
already talented group of directors. I am excited to work with Doug
and our entire Board as we focus on delivering value to our
shareholders as we take decisive steps to close our share price
discount to the value of our portfolio companies while also further
growing the value of our portfolio.”
About Doug Ammerman
Mr. Ammerman was with KPMG LLP for nearly 30 years, where he
served as a national practice partner, as the managing partner of
the Orange County office, and as a member of KPMG’s nominating
committee for its board of directors before formally retiring in
2002. He serves as a director of Stantec Inc. since 2011, where he
serves as Chairman, as a director of Fidelity National Financial,
Inc. since 2005, as a director of F&G since December 2022 and
as a director of Dun & Bradstreet since February 2019. Mr.
Ammerman formerly served on the boards of El Pollo Loco, Inc., J.
Alexander’s Holdings, Inc., and Foley Trasimene Acquisition
Corp.
He holds a master’s degree in business taxation from the
University of Southern California, as well as a Bachelor of Arts
degree with an accounting emphasis from California State University
at Fullerton. Mr. Ammerman is past president and director emeritus
of the Pacific Club and served in the Reagan Administration as
Special Assistant to the Secretary of Interior.
About Cannae Holdings, Inc.
We primarily acquire interests in operating companies and are
actively engaged in managing and operating a core group of those
companies. We believe that our long-term ownership and active
involvement in the management and operations of companies helps
maximize the value of those businesses for our shareholders. We are
a long-term owner that secures control and governance rights of
other companies primarily to engage in their lines of business and
we have no preset time constraints dictating when we sell or
dispose of our businesses. For more information, see
cannaeholdings.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240227782645/en/
Jamie Lillis, Managing Director, Solebury Strategic
Communications, 203-428-3223, jlillis@soleburystrat.com
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