(Bloomberg) Platform Specialty Products Corp., the chemical company backed by hedge fund manager Bill Ackman, is shaking up its management team as it looks to expand after selling its Arysta LifeScience agricultural division. Its shares fell. Platform, founded by serial deal-maker Martin E. Franklin, has appointed Benjamin Gliklich as chief executive officer, replacing Rakesh Sachdev, who is retiring but will stay on as a non-executive director, the company said in a statement on Monday, confirming a Bloomberg News report.
Platform Shakes Up Management After Sale of Its Agriculture Unit
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