Rapid7 Gets Truce With Activist Investor, Adds 3 Board Seats
Cooperation Deal With Jana Expands Rapid7 Board to 11, Tightens Governance Controls
Rapid7 struck a truce with Jana Partners, agreeing to hand the activist investor three board seats in exchange for cooperation until early next year. The deal will boost Rapid7's board size from eight to 11, adding former Forescout CEO Wael Mohamed and former Imperva and Gigamon CFO Michael Burns.
Rapid7 struck a truce with Jana Partners, agreeing to hand the activist investor three board seats in exchange for cooperation until early next year. The deal will boost Rapid7's board size from eight to 11, adding former Forescout CEO Wael Mohamed and former Imperva and Gigamon CFO Michael Burns.