Omnichannel specialty retailer of big and tall men's apparel Destination XL Group Inc. expanded its board to 10 members with the addition of Lionel Conacher as an independent director.
The appointment, which went into effect immediately, is part of the retailer's deal with Cannell Capital LLC whereby the latter agreed to withdraw its other board nominees and to certain standstill and voting provisions through Jan. 29, 2019. Conacher will also be nominated to Destination XL's board at the Aug. 9 annual meeting, where the number of directors will revert to nine.
Conacher is a senior adviser to private equity firm Altamont Capital Partners and a board member at sports equipment manufacturers Dakine and Mervin Manufacturing.