WisdomTree receives shareholder pushback following chair appointment

Win Neuger

WisdomTree has appointed a new chair, Win Neuger, after the previous chair was voted out in a campaign from the firm’s largest shareholder.

In the firm's annual general meeting last month (16 June), WsidomTree chair Frank Salerno lost his re-election bid to ETFS Capital nominee Tonia Pankopf, following a shareholder campaign to push out longstanding directors. ETFS Capital, which holds 10.2% of WisdomTree's outstanding common stock, has led the charge on this, having rallied since April for the firm to change strategy and has continuously called for the replacement of Salerno and Neuger. WisdomTree board battle reaches climax as AGM approaches Despite ETFS Capital failing to unseat Neuger, who was chair of the nomi...