LSB Industries Inc., Oklahoma City, said April 3 that it is adding three new board members to its 10-member board, including two former Terra Industries Inc. executives. In recent months, activist shareholders have called on LSB to add new independent directors with fertilizer and climate control experience to the board.
New board nominees include Daniel Greenwell, William Murdy and Richard Sanders Jr. Sanders, 57, served as Terra vice president of manufacturing from 2003 until it was acquired by CF Industries Holding Inc. in 2010. Greenwell, 51, was Terra’s corporate controller and senior vice president and CFO from 2005 until the CF acquisition in 2010.