Yeti (YETI) announced that it has appointed J. Magnus Welander and Arne Arens to its board of directors, effective March 24. The company also announced that it has entered into a cooperation agreement with stockholder Engaged Capital. The appointments of Welander and Arens increase the size of Yeti’s board to 10 members, nine of whom are independent. These new appointments reflect the company’s ongoing board refreshment efforts, which are focused on further aligning director experience and skillsets with Yeti’s strategy and future opportunities.
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