Corporate News Blog – Richard L. Kauffman joins Altaba’s Board as Independent Director

Research Desk Line-up: Athene Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 17, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Altaba Inc. (NASDAQ: AABA), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=AABA. The Company announced on August 15, 2017, that its Board of Directors has appointed Richard L. Kauffman as an independent director. His appointment was effective as on August 11, 2017. His appointment filled the vacancy on Altaba’s Board. Following the appointment of Richard, Altaba’s Board has a total of five members out of which four are independent directors. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Asset Management industry. Pro-TD has currently selected Athene Holding Ltd (NYSE: ATH) for due-diligence and potential coverage as the Company announced on August 09, 2017, its financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Athene when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AABA; also brushing on ATH. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=AABA

http://protraderdaily.com/optin/?symbol=ATH

Commenting on Richard’s appointment, Eric K. Brandt, Chairman of Altaba’s Board, said:

“We are delighted that Richard has agreed to join the Altaba’s Board of Directors. His world-class financial markets experience and track record of success are the key skills we were seeking for this Director position. I am confident he will be a valuable addition as we execute our strategy to deliver value to our shareholders.”

Thomas J. McInerney, CEO of Altaba, added:

“Richard is a uniquely qualified addition to our Board. His long record of leadership and accomplishments in the financial services industry, and more specifically in the capital markets arena, will add significant judgment and perspective as we look to execute our plan and build shareholder value.”

Profile of Richard L. Kauffman

Richard L. Kauffman is currently the Chairman of Energy & Finance for New York State. He oversees and manages New York State’s entire energy portfolio, including the New York State Department of Public Service, the New York Power Authority, the Long Island Power Authority, and the New York State Energy Research and Development Authority (NYSERDA). Richard is also the Chair of the NYSERDA Board since his appointment on June 19, 2013.

Before joining the New York State’s administration, Richard has worked in energy and finance sectors at very high profile and senior levels, including as senior advisor to US Energy Secretary Steven Chu and as the CEO of Good Energies, Inc., a leading investor in clean energy technologies. He also has had an illustrious career in the investment banking and finance sector and has held several senior level positions. He was a Partner at Goldman Sachs and was the Chairman of the Global Financing Group. In his stint with Morgan Stanley, he was with their Institutional Securities Business, co-head of their Global Banking Department, and head of Global Equity Capital Markets. He has served as the Chairman of Board of the Levi Strauss & Co., where he also chaired their finance committee.

In 2014, Fortune Magazine named Richard as one of the World’s Top 25 Eco-Innovators.

Richard has a Bachelor’s Degree from Stanford University, a Master’s Degree in International Relations from Yale University, and a Master’s Degree in Public and Private Management from the Yale School of Management.

About Altaba Inc.

Altaba came into existence on June 16, 2017, after Yahoo! Inc. completed the sale of its operating business to Verizon Communications Inc. (NYSE: VZ). Yahoo reorganized as an investment Company and changed its name to Altaba Inc. In its new avatar, Altaba Inc. is a publicly traded, non-diversified, closed-end management investment Company registered under the Investment Company Act of 1940. The Company’s shares are listed on NASDAQ Exchange under the ticker “AABA”. The Company has various investments, prominent among them are Altaba’s investment in Alibaba Group Holding Limited, one of the world’s largest online retailers and second is an investment in Yahoo Japan Corporation, a leading Japanese internet Company.

Last Close Stock Review

On Wednesday, August 16, 2017, the stock closed the trading session at $60.65, rising 1.10% from its previous closing price of $59.99. A total volume of 7.64 million shareshave exchanged hands. Altaba’s stock price soared 22.16% in the last three months, 32.86% in the past six months, and 42.74% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 56.84%. At Wednesday’s closing price, the stock’s net capitalization stands at $54.37 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 472885