1. Activist Bluebell Urges Solvay's Board to Oust CEO Over Sea Discharge

    Activist Bluebell Urges Solvay's Board to Oust CEO Over Sea Discharge

    LONDON (Reuters) - Activist Bluebell Capital Partners has urged Belgian chemicals company Solvay to replace Chief Executive Ilham Kadri, saying she had failed to stop the discharge into the sea of waste from a soda ash production plant in Italy. The move is part of Bluebell's campaign aimed at creating change at companies it says are falling short on environmental, social and governance (ESG) issues and reflects a growing trend among activists to target companies over ESG shortcomings...

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    1. Any responsible CEO committed to sustainability, should stop the company from annually dumping on the shore and then into the sea up to 250,000 tons of its production wastes.
    2. We at Bluebell have finally lost faith, trust, and confidence in CEO Kadri, and we urge the board to exercise its stewardship by initiating the process to empower a new leadership.
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