January 22, 2020 / 6:26 AM / a month ago

ValueAct CEO Jeff Ubben to step down -FT

Jan 22 (Reuters) - ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund’s president, Mason Morfit, the Financial Times reported on Wednesday.

Ubben would continue to oversee ValueAct Spring Fund, which invests in companies aiming to address environmental and social problems, according to the report on.ft.com/2RxOnRy.

Brandon Boze, a partner and member of the company’s management committee, was promoted to the role of president, the FT reported.

ValueAct did not immediately respond to Reuters’ request for comment. (Reporting by Manojna Maddipatla in Bengaluru; Editing by Anil D’Silva)

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