Politan Capital nominates two candidates for Masimo board

Politan Capital Management, a 9% shareholder of Masimo Corporation, announced that it has nominated two candidates for election to the Masimo board of directors, Michelle Brennan and Quentin Koffey, Managing Partner and Chief Investment Officer of Politan. Koffey stated in part: "As a 9% owner of Masimo, Politan is fully aligned with the success of the company and its ability to generate long-term value. We believe independent oversight is needed on the Board in order to fix the lack of confidence in Masimo’s governance that has led to a persistent valuation discount of over $4 billion. This is why Politan has nominated two ideally qualified director candidates for election at the 2023 Annual Meeting who are committed to representing the interests of all shareholders. Over the past eight months, we have attempted to engage constructively with Masimo’s Board – but they have refused to even meet with us… By electing us, shareholders will be adding to the Board independent, objective directors with the right skills and experience to help the company maximize its potential for all its stakeholders."