ST. LOUIS – Keith A. Meister, the founder and managing partner of Corvex Management LP, has been appointed to the board of directors for Ralcorp Holdings, Inc., effective immediately, Ralcorp said Oct. 3. Mr. Meister also will join Ralcorp’s strategy and financial oversight committee.
Corvex owns 5.3% of Ralcorp’s common stock. Under an agreement pursuant to Mr. Meister being appointed to the Ralcorp board and the committee, Corvex has agreed to, among other things, vote its shares in support of all of the board’s director nominees.
Mr. Meister has been managing partner of Corvex Management LP since December of 2010. From August of 2003 until August of 2010 he served as vice-chairman of the board of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P. From August 2003 through March 2006 Mr. Meister also served as chief executive officer of Icahn Enterprises G.P., Inc., and from March 2006 until August 2010 he served as principal executive officer of Icahn Enterprises G.P. Inc.