Shareholder Blasts Bristow's Board, Leaders | Aviation International News

Shareholder Blasts Bristow's Board, Leaders

Investor Global Value Investment Corp. calls on Bristow's board to resign, cautions against bankruptcy

By Mark Huber • Contributor

April 22, 2019

In a scathing public letter released last week, one of helicopter services company Bristow Group’s larger shareholders called for the resignation of four senior members of the company's board and warned it against pursuing Chapter 11 bankruptcy proceedings. Wisconsin-based Global Value Investment Corp. (GVIC) called for the removal of directors Thomas Knudson, Thomas Amonette, Lori Gobillot, and Biggs Porter and excoriated CEO L. Don Miller for running up company debt. “GVIC has lost all confidence in Bristow’s board of directors and demands new leadership,” the company wrote, while also taking aim at Bristow’s senior executives.

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