Acasta adjusts leadership to reposition as a public company
Acasta Enterprises Inc (TSX: AEF) has changed its leadership to reposition itself as a public company from a special purpose acquisition corporation. Acasta's board now consists of Geoff Beattie as independent chairman, Anthony Melman as CEO, and three new independent directors, Robert Schwartz, Jay Swartz and Michael Young. Belinda Stronach has resigned as a director but remains a founder. Acasta founders Hunter Harrison and Gordon Nixon also agreed to sell their equity interests to directors, senior management and certain other founders. Earlier in 2017, Acasta closed its qualifying acquisition, buying three businesses for $1.1 billion.
24 July 2017•2 mins read
