UP CEO Fritz stepping down amid pressure from activist investor
Fritz did not elaborate on what role the activist investor played in his decision to step aside, but the announcement came shortly after Soroban Capital wrote that “current [UP] management is not capable of driving a strong operating performance.”
Fritz did not elaborate on what role the activist investor played in his decision to step aside, but the announcement came shortly after Soroban Capital wrote that “current [UP] management is not capable of driving a strong operating performance.”