Ralcorp Adds Corvex Partner to Board

Ralcorp Holdings, a private label food company based in St. Louis, has named the managing partner of Corvex Management to its board of directors.Corvex, a New York-based investment group, owns 53 percent of Ralcorp’s outstanding shares and said previously that it may push for a sale of the company, the St. Louis Post-Dispatch reported.

Ralcorp announced Wednesday that it has expanded its board of directors from nine to 10 members to include Corvex’s Keith Meister, effective immediately. Corvex agreed to vote its shares in support of the board’s director nominees and agreed not to present any proposals for consideration at any meeting of Ralcorp’s shareholders, Ralcorp said in a statement.

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