Alight appoints new independent directors
ILLINOIS, UNITED STATES — Cloud-based human capital technology and services provider Alight has announced the appointment of Dave Guilmette and Coretha Rushing as independent directors to its Board of Directors, effective immediately.
Cooperation agreement with Starboard Value LP
These appointments form part of a cooperation agreement between Alight and Starboard Value LP, an investment firm holding approximately that now holds 7.2% of Alight’s outstanding common stock.
As part of the agreement, Starboard has agreed to withdraw its director nominations for the 2024 annual meeting of stockholders and has entered into customary standstill, voting, and other commitments.
Guilmette held executive positions at Global Health Solutions, including Chief Executive Officer and Strategic Advisor.
He also spent nearly a decade at Cigna as President of Global Employer Segment and Private Exchanges and as President, National, Pharmacy and Product. Guilmette has also served as a board member of Cigna Ventures and several non-profit organizations.
Meanwhile, Rushing is currently the Managing Director and Executive Mentor for The ExCo Group, a global executive and mentoring firm. She’s also concurrently the President of CR Consulting Alliance, an HR consulting firm.
She also serves on the Boards of Directors of ThredUp and 2U. Previously, she served on the Board of Directors of Benefitfocus.
Rushing was also the Corporate Vice President and CHRO for Equifax and served in various roles of increasing responsibility at The Coca-Cola Company, including as Senior Vice President and CHRO.
Alight’s statement on new appointments
William P. Foley, II, Chair of the Board, praised Guilmette’s extensive experience in the healthcare and benefits industry and the network he has created.
“He has a track record of driving growth and profitability at multi-billion-dollar businesses and brings a strong perspective on the voice of our current and future customers,” he said.
“Coretha has decades of experience in the HR space, having served as Chief Human Resources Officer of large public corporations. She has a deep understanding of Alight’s customer base and extensive public board experience,” Foley added.
