(CercleFinance.com) – Salesforce, under pressure from activist investor Elliott, announced on Friday the entry to its board of directors of three new independent directors.
The San Francisco group said that Arnold Donald, the former chief executive of the cruise line Carnival Corporation, and Sachin Mehra, the current chief executive of Mastercard, would join its board as of March 1.
Mason Morfit, the managing director and chief investment officer of activist fund ValueAct Capital, has also won a seat on the cloud-based enterprise software maker’s board.
Their appointment comes amid market rumors that hedge fund Elliott Management has taken a stake in the company, with the aim of pushing for operational changes.
The appointment of the three additional independent directors was welcomed without much reaction by investors, since the title Salesforce, which is listed on the Dow Jones index, was virtually unchanged in the first exchanges.
It should be noted that Sanford Robertson and Alan Hassenfeld have informed the company that they will not seek re-election at the end of the general meeting scheduled for this year.
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