Former Etsy CFO Kristina Salen's addition would make the company compliant under a California law governing publicly-traded firms.
to its S-1 filing to go public, Endeavor has added its first woman to the company's proposed board of directors.
The new amendment, filed Monday morning, adds former Etsy CFO Kristina Salen as a director nominee, joining CEO Ariel Emanuel, executive chairman Patrick Whitesell, Silver Lake managing partner and board chairman Egon Durban, Silver Lake managing director Stephen Evans and nominee James Kahan, a former AT&T executive. The previous amendment, filed Aug. 27, had planned for a five-director board at the outset but reserved the right to adjust the number of seats between three and 20.
Salen's addition puts Endeavor on track to be compliant under California law that specifies all publicly-traded companies based in the state must have at least one woman on its board by the end of 2019. By the end of 2021, corporations with five directors must include two women and those with six or more must include at least three. The law, known asSince February 2019, Salen has served as CFO of luxury e-tailer Moda Operandi.
The six directors will serve staggered three-year terms, with Kahan and Evans in Class I , Whitesell and Salen in Class II and Emanuel and Durban in Class III . The four Endeavor and Silver Lake execs will serve on the board's executive committee, while Evans will also join independent directors Salen and Kahan on the audit committee.
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