Forest City Seats New Independent Directors
"We are thrilled to welcome our new independent directors to the Forest City Board," said
As previously announced on
LaRue continued, "The addition of these directors, coupled with the substantial refreshment we previously announced, underscores our focus on continuing to take decisive action to better position the Company for success as we implement and execute on our comprehensive strategic plan to strengthen and grow our business. The entire Forest City Board and management team are moving forward fully focused on delivering on our strategic initiatives, driving performance and creating value for stockholders."
Lande and Molinelli were appointed to the Board pursuant to the previously announced agreement with
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Forward-Looking Statements
This press release contains forward-looking statements. Such forward-looking statements reflect management's current views with respect to future, not past, events and often address the Company's expected future actions and performance. Forward-looking statements may be identified by the use of words such as "expect," "intend," "plan," "estimate," "project," "believe," "anticipate," "target" and similar words and phrases. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and assumptions that are difficult to predict. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause the Company's actual results, financial or otherwise, and future actions to differ materially from those described in forward-looking statements include the risks discussed in the Company's documents filed with the
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