TD SYNNEX Corp. (NYSE: NYSE:SNX), a leading distributor and solutions aggregator for the IT ecosystem, announced the departure of two of its board members. Robert Kalsow-Ramos and Matthew Nord, both affiliated with Apollo Global Management (NYSE:APO), Inc., have resigned from the company's Board of Directors. Their resignations took effect on Monday.
The company disclosed in an 8K filing that neither Kalsow-Ramos nor Nord left due to any disagreement with TD SYNNEX. Their initial appointment to the board was part of an Investor Rights Agreement dated September 1, 2021, between TD SYNNEX and an entity associated with Apollo Global Management.
The resignations come at a time when board dynamics are often scrutinized by investors for signs of internal stability and strategic alignment. As per the SEC filing, the company has not yet announced successors or plans to fill the vacancies left by the departing directors.
TD SYNNEX has not provided further details on the reasons behind the sudden resignations or how the board intends to proceed following these changes. The company's operations continue amidst this transition in its corporate governance structure.
The information reported is based on the latest SEC filing by TD SYNNEX Corp. and remains subject to further updates as the company may provide additional details in due course.
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