SECOND ACTS
- From: Vol 9, Issue 6 (June 2008)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: US Filter and Veolia Water North America
*Veolia Water North America’s former boss Joe Burgess has survived his baptism of fire at Insituform.
When he arrived, he found that Water Asset Management, which owns 5.3% of the company, had prepared a proxy motion to replace the board of directors, then sell the company. In the event, only one rebel director - Nickolas Vande Steeg - was appointed, and quickly resigned. At USD17.55, the shares are well up on their low point of USD11 ...
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