Starboard Value LP Appoints New Directors at Healthcare Realty Trust

Starboard Value LP, a New York-based investment firm known for its shareholder activism, has successfully negotiated an agreement with Healthcare Realty Trust Incorporated for significant board changes. Under the agreement, three new independent directors—David Henry, Glenn Rufrano, and Don Wood—have been appointed to the board, bringing strong industry and leadership expertise to the team. Mr. Henry and Mr. Rufrano will take additional roles on the board committee responsible for the organization's ongoing CEO search, with Mr. Rufrano appointed as the Chair of the committee. The legal team from Olshan Frome Wolosky LLP, which includes Co-Managing Partner Andrew Freedman and team members Meagan Reda, Mark Kiley, and Joseph Del Vicario, represented Starboard Value LP in finalizing this agreement. This move highlights Starboard's strategic initiatives to influence leadership and governance to improve company performance.