TOKYO (Reuters) – Japanese chip and display materials maker JSR Corp said on Monday it would nominate Robert Hale, a partner of U.S. hedge fund ValueAct Capital, to be an outside director.
ValueAct Capital became a major shareholder in JSR with more than a 7% stake early last year. JSR, established in 1957 as a government-backed synthetic rubber maker, now supplies materials to global chip and display makers.
(Reporting by Makiko Yamazaki; Editing by Edmund Blair)
