Latest news with #CarlIcahn
Yahoo
30-07-2025
- Business
- Yahoo
CVR Energy names Mark Pytosh as CEO, adds Brett Icahn to board
(Reuters) -Carl Icahn-backed CVR Energy on Wednesday named Mark Pytosh as chief executive officer and appointed Brett Icahn to its board. Pytosh will assume the top role effective January 1, 2026, succeeding Dave Lamp, who announced plans to retire from the position effective December 31. Icahn's activist investment firm Icahn Enterprises currently holds a 68.5% stake in the U.S. refiner and is working to further boost its ownership to 84%. Brett Icahn is the son of billionaire Carl Icahn. He will join the refiner's board, effective August 1. The activist investor believes CVR's shares are undervalued in the market and represent an attractive investment opportunity at a time when U.S. refining margins have slumped from the highs reached in 2022. The company also reported a net loss of $114 million for the second quarter, compared with a year-ago profit of $21 million. Its shares fell 4.5% after the bell. Sign in to access your portfolio
Reuters
30-07-2025
- Business
- Reuters
CVR Energy names Mark Pytosh as CEO, adds Brett Icahn to board
July 30 (Reuters) - Carl Icahn-backed CVR Energy (CVI.N), opens new tab on Wednesday named Mark Pytosh as chief executive officer and appointed Brett Icahn to its board. Pytosh will assume the top role effective January 1, 2026, succeeding Dave Lamp, who announced plans to retire from the position effective December 31. Icahn's activist investment firm Icahn Enterprises (IEP.O), opens new tab currently holds a 68.5% stake in the U.S. refiner and is working to further boost its ownership to 84%. Brett Icahn is the son of billionaire Carl Icahn. He will join the refiner's board, effective August 1. The activist investor believes CVR's shares are undervalued in the market and represent an attractive investment opportunity at a time when U.S. refining margins have slumped from the highs reached in 2022. The company also reported a net loss of $114 million for the second quarter, compared with a year-ago profit of $21 million. Its shares fell 4.5% after the bell.
Bloomberg
23-07-2025
- Business
- Bloomberg
Icahn's Firm Vies to Lead Suit Over $25 Billion Endeavor Buyout
Carl Icahn's investment firm is fighting a small investor to spearhead a proposed class action lawsuit alleging former shareholders in Endeavor Group Holdings Inc. should have made more money from Silver Lake 's $25 billion buyout. Icahn Enterprises has joined with a Swedish bank in one of two proposed class action complaints filed in Delaware claiming Silver Lake and Endeavor executives — including Hollywood superagent Ari Emanuel — breached their fiduciary duties to shareholders by striking an unfair deal that rewarded lucrative payouts to insiders.
Yahoo
22-07-2025
- Business
- Yahoo
SANDRIDGE ENERGY, INC. ANNOUNCES APPOINTMENT OF BRETT ICAHN TO THE BOARD OF DIRECTORS
OKLAHOMA CITY, July 22, 2025 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today announced that Brett Icahn will become a director of the Company effective August 1, 2025, increasing the Board size to six members. SandRidge Energy, Inc. logo. (PRNewsFoto/SandRidge Energy, Inc.) Brett Icahn (age 45) is a respected American investor and portfolio manager, currently serving as a member of the board of Icahn Enterprises L.P. and a Portfolio Manager at Icahn Capital LP, a subsidiary of Icahn Enterprises. Icahn Enterprises is a diversified holding company engaged in a wide range of sectors, including investment, automotive, energy, food packaging, metals, real estate, and home fashion. Since October 2020, Mr. Icahn has played a leading role in managing the investment strategy for Icahn Capital. Prior to that, from 2017 to 2020, he served as a consultant to Icahn Enterprises, where he provided exclusive investment advice to Carl C. Icahn, focusing on capital allocation across the firm's operating subsidiaries and investment portfolio. In addition to the board of Icahn Enterprises L.P., Mr. Icahn currently serves on the board of Bausch Health Companies Inc. (since March 2021), and on the board of Bausch + Lomb Corporation (since June 2022). In the last five years, Mr. Icahn has previously served on the boards of Dana Inc. and Newell Brands Inc. Prior to then, Mr. Icahn has previously served on the boards of American Railcar Industries, Inc., Cadus Corporation, Nuance Communications, Inc., Take-Two Interactive Software Inc., The Hain Celestial Group, Inc., and Voltari Corporation (previously known as Motricity Inc.). Known for his analytical rigor and long-term investment perspective, Brett Icahn has played a key role in numerous high-profile investment decisions and activist campaigns. His career reflects a deep commitment to shareholder value and responsible corporate governance. Mr. Vince Intrieri, Chairman of the Board of SandRidge commented, "We are so pleased to welcome Brett Icahn to our Board of Directors. His appointment reflects the strong commitment of our major shareholders to the long-term success of our company. We look forward to benefiting from his insight and experience as we continue to execute our strategy and create value for all stakeholders." Mr. Brett Icahn commented, "I am very pleased to be joining the Board and excited to work alongside such a talented leadership team. I look forward to contributing meaningfully to the Company's continued growth and success, and to representing the interests of all shareholders as we pursue long-term value creation."
Yahoo
12-07-2025
- Business
- Yahoo
Icahn Enterprises Boosts Holdings While Maintaining High Yield Amid Losses
Icahn Enterprises L.P. (NASDAQ:IEP) is one of the . Following significant losses in net income and revenue in Q1 2025, the company has increased its stake in four holdings. A forklift stocking shelves with newly manufactured food packaging products. Florida-based company, Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company operating across energy, automotive, food packaging, metals, real estate, home fashion, pharmaceuticals, and investment sectors. Functioning as a master limited partnership, the company is controlled by Carl Icahn, a leading American businessman and investor. In its Q1 earnings call, released on May 7, 2025, the company reported a few significant losses. Specifically, the revenue declined from $2.5 billion in Q1 2024 to $1.9 billion in Q1 2025. Net loss, on the other hand, increased from $38 million in the same quarter of the previous year to $422 million in the first quarter of the current year, due to negative performance in funds. Later, in an SEC filing, the company disclosed its holdings as of March 31, 2025. Based on the disclosure, the company has increased its stake in four holdings, including by size of previous position, CVR Energy, JetBlue, Illumina, and CVR Partners. The 3% increase in CVR Energy's share price, which contributed to $80 million increase from the previous quarter, indicates that Icahn Enterprises L.P. (NASDAQ:IEP) has made good investments. The company offers a significantly high dividend yield of 24.88%, while having gained a Buy rating from analysts, turning Icahn Enterprises L.P. (NASDAQ:IEP) into one of the best MLP dividend stocks. While we acknowledge the potential of IEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Dividend Bargains Trading Below Insiders' Prices Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
