Paul Schulman has joined international proxy solicitor Morrow Sodali as its global co-head of activism and contested situations. Schulman previously worked at rival MacKenzie Partners for more than nine years.
Schulman updated his LinkedIn profile on Wednesday to reflect the new position. Reuters, which first reported the news, said that he started in the role this week.
“I’m eager to be a part of the Morrow Sodali team and believe their global platform, depth of resources and extensive experience in the industry ensures that we will serve both new and existing clients in the most complex transactions and contested situations,” Schulman said in a statement.
Ron Knox, CEO of Morrow Sodali’s U.S. branch said that Schulman is “a leading and trusted advisor in the industry and I look forward to working together as we continue to grow our business.”
The news agency also said Charlie Koons, a managing director in Morrow Sodali’s activism group, had left for another position that could not immediately be learned. Michael Verrechia will continue to lead the group along with Schulman, Reuters said.
Schulman will work alongside Michael Verrechia, managing director and co-founder of the M&A Activism Advisory Group.
During his time at MacKenzie, Schulman advised on numerous proxy contests, including Trian Partners’ battle at Procter & Gamble, which ended with the activist’s founder Nelson Peltz gaining a board seat at the company, as well as the Dell privatization transaction which was contested by Carl Icahn.
Morrow Sodali is the product of a 2016 merger between U.S. proxy solicitor Morrow & Co. and Italian firm Sodali. Since then, it has also established a base in Australia.
In Activist Insight Monthly‘s 2019 adviser awards, Morrow Sodali placed joint-fourth with MacKenzie, which is U.S.-focused, some distance behind third-placed global rival Georgeson.