Iridian Asset Management LLC transfers ownership from founders to employees


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WESTPORT, Conn.–(BUSINESS WIRE)–Iridian Asset Management LLC (“Iridian”), the value-driven investment management firm focused on businesses undergoing significant corporate change, announced that 100 % of its ownership and management responsibilities have been transferred from the company founders to a long-standing team of senior executives and employees.

Iridian’s equity stake has now been distributed to the next generation of business leaders and the entire investment team. This broad-based ownership structure will ensure active engagement across the business that fosters an environment conducive to high performance with appropriate incentives for growth.

Todd Raker, Managing Director of Iridian Asset Management, said:

“Iridian has served institutional clients for more than 25 years, and we remain focused on identifying opportunities in mid-cap companies that are experiencing significant change. This ownership transition creates a favorable alignment of incentives between our team and institutional clients and ensures that the business is well positioned for future success.

—ENDS—

About Iridian Asset Management

Iridian Asset Management LLC is an employee-owned, value-oriented investment management company focused on active equity investment strategies for institutional investors, including foundations and endowments, pension funds corporate and public funds, sub-advised funds and Taft Hartley funds. Iridian was founded in 1996 with a distinct investment philosophy focused on publicly traded US listed companies undergoing significant corporate change.

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Source: Iridian Asset Management LLC

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