Cannae Holdings, Inc. Announces Executive Management Succession, Board Refreshment, and Additional Strategic Actions to Unlock Shareholder Value

About this update from Cannae Holdings, Inc.

[{"type":"text","content":"~ William P. Foley, II, appointed as Vice Chairman of the Board ~","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"~ Doug Ammerman appointed Chairman of the Board ~","length":49,"tagName":"p","attribs":{}},{"type":"text","content":"~ Ryan Caswell appointed Chief Executive Officer ~","length":50,"tagName":"p","attribs":{}},{"type":"text","content":"~ Expands Relationship with JANA Partners, Broadening Cannae’s Ability to Allocate Capital to Proprietary Acquisition and Investment Opportunities ~","length":148,"tagName":"p","attribs":{}},{"type":"text","content":"~ Appoints Two New Independent Directors with Significant Investment & Governance Experience to Enhance Strategy ~","length":118,"tagName":"p","attribs":{}},{"type":"text","content":"~ Declassifying the Board ~","length":27,"tagName":"p","attribs":{}},{"type":"text","content":"~ Reiterates Commitment to Strategy for Long-Term Value Creation ~","length":66,"tagName":"p","attribs":{}},{"type":"text","content":"LAS VEGAS, May 12, 2025--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today announced that the Company’s Board of Directors (the "Board") has approved a series of strategic actions designed to unlock shareholder value; including diversifying the Company’s portfolio; broadening its capital allocation opportunities and appointing two new independent directors to its Board with significant investment and governance experience. In addition, the Board announced an executive management succession, details of which are below.","length":589,"tagName":"p"},{"type":"text","content":"Executive Management Succession","length":31,"tagName":"p"},{"type":"text","content":"As of today, May 12, 2025, William P. Foley, II has transitioned as Cannae’s CEO and Chairman of the Board and assumed the role of Vice Chairman of the Board. Independent Cannae Board member Doug Ammerman has been appointed Chairman of the Board and Cannae’s current President, Ryan R. Caswell, has been appointed as Chief Executive Officer.","length":341,"tagName":"p"},{"type":"text","content":"This enables Cannae to continue to leverage Mr. Foley’s expertise, track record, and acumen developed over his illustrious career. Mr. Foley will focus on Cannae’s sports and entertainment and spirits businesses, including Black Knight Footb...

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