- Prachi Singh |
Destination XL Group, Inc. has appointed Lionel Conacher to its board of directors as a new independent director, effective immediately. Conacher is a Senior Advisor to private equity firm Altamont Capital Partners LLC and currently sits on the boards of Dakine and Mervin Manufacturing.
“We are pleased to reach an agreement that brings new perspectives to our board of directors,” said David Levin, the company’s President, CEO and a member of the board, in a statement.
Earlier, Conacher was the Chairman of Wunderlich Securities. Dakine, Mervin and Wunderlich are Altamont Capital companies.
The company said, Conacher’s appointment is pursuant to a letter agreement entered into between Destination XL and Cannell Capital LLC, as of June 11, 2018, after a review process by its nominating and corporate governance Committee. The agreement also provides for his nomination to the board at the Company’s upcoming 2018 annual meeting on August 9, 2018, and the reversion of its board size to nine directors at that meeting.