Bill (BILL) announced that four new directors will be joining its board of directors. These appointments follow engagement with Starboard Value. In connection with a cooperation agreement between Bill and Starboard and as part of the board’s ongoing refreshment process, four new independent directors will be joining the board, including Natalie Derse, CFO of Gen Digital; Peter Feld, managing member, portfolio manager and head of research at Starboard; Beth Johnson, former vice chair and chief experience officer of Citizens Financial and Lee Kirkpatrick, former CFO of Twilio. Pursuant to the cooperation agreement, Starboard has agreed to withdraw its director nominations with respect to the 2025 annual meeting of stockholders and has entered into customary standstill, voting and other commitments.
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