Americold adds two directors, forms finance committee

Americold Realty Trust Inc. (NYSE: COLD) appointed Joseph Reece and Stephen Sleigh to its board of directors, effective immediately, the temperature-controlled logistics company announced.

The company also established a new finance committee to support efforts to enhance shareholder value and entered into a cooperation agreement with Ancora Group Holdings LLC, a significant shareholder.

The newly formed five-member finance committee will focus on reviewing the company's portfolio by region and market, making recommendations about potential sales or divestitures, including international assets. David Neithercut will serve as chair and Reece as vice chair, with Sleigh and two other directors comprising the committee.

The committee will also work to identify opportunities to reduce debt, maintain the dividend and preserve core assets, according to the company's statement.

Reece brings experience as a corporate director, banker and strategic investor spanning more than three decades. He has been managing partner of SilverBox Capital LLC since 2015 and previously served as executive vice chairman at UBS Securities LLC. He currently serves as chairman of Compass Minerals Inc.'s board.

Sleigh is a senior advisor at Blue Wolf Capital Partners with experience in strategic initiatives aligning businesses, labor and investors. He has served as fund director for International Association of Machinists and Aerospace Workers multi-employer pension, savings and health plans.

Under the cooperation agreement, Ancora agreed to support the board's full slate of directors at the company's 2026 annual meeting. The complete agreement will be filed with the Securities and Exchange Commission.

Chief Executive Officer Rob Chambers said the moves align with the company's transformation plan centered on strategic capital management, portfolio optimization, operational excellence and disciplined growth for 2026.

Americold operates more than 230 temperature-controlled facilities across North America, Europe, Asia-Pacific and South America, totaling approximately 1.4 billion refrigerated cubic feet.

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