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JM Smucker adds to board after deal with activist investor
JM Smucker has appointed two new directors, David Singer and Woo-Sung Chung, to its board following an agreement with activist investor Elliott Investment Management. This move comes as the company presented third-quarter results showing higher sales but a loss due to impairment charges on its sweet-snacks business, a segment that has faced challenges. The deal aims to drive sustainable shareholder value through collaboration and strategic leadership.