SunEdison gives Einhorn's Greenlight Capital a board seat

Wed Jan 27, 2016 7:04am EST
 
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Jan 27 (Reuters) - U.S. solar company SunEdison Inc , which has been under pressure from David Einhorn's hedge fund Greenlight Capital to sell some of its assets or even the entire company, added a former partner from the hedge fund to its board.

Claire Gogel will join SunEdison's board as an independent director, effective immediately, the company said on Wednesday.

Under a deal with Greenlight, SunEdison also agreed to amend its bylaws such that it will not be allowed to issue equity for a period of two years without the approval of nearly all of its board members. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)