Patrick LaValley Leaves Viad Board

An announcement from Viad (VVI) is now available.

Crestview Partners IV GP, L.P. and its affiliates have informed Viad Corp’s Board of Directors of Sung-Chul Patrick T. LaValley resignation from the board. LaValley’s initial appointment was based on an agreement relating to the Crestview Parties’ holdings in Viad’s 5.5% Series A Convertible Preferred Stock. The Crestview Parties are currently seeking a replacement for the vacated board position.

LaValley’s departure from Viad’s board, where he represented Crestview Partners, was a requirement of his new position at private equity firm RedBird Capital Partners.

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