GCP Applied Technologies Inc. announced that it has reached an agreement with Starboard Value (together with its affiliates, “Starboard”), which owns approximately 4.4% of the outstanding shares of the Company’s common stock. As part of the Company’s ongoing process of board refreshment, and following collaborative discussions between GCP and Starboard, Clay Kiefaber and Marran Ogilvie have been appointed to the GCP Board as independent directors effective immediately. Mr. Kiefaber and Ms. Ogilvie will also be included in GCP’s slate of directors standing for election at the 2019 Annual Meeting of Stockholders which is scheduled to be held on May 2, 2019. With these appointments, four independent directors have been appointed to the GCP Board in the last two years, demonstrating the Company’s strong commitment to refreshment and sound corporate governance. With the addition of Mr. Kiefaber and Ms. Ogilvie, the Board will expand to 11 directors. As previously disclosed, at the conclusion of the Annual Meeting the Board size will decrease to 10 members.