Jamba Juice parent names two new directors in concession to activists

Jamba Juice parent names two new directors in concession to activists

Move will avert battle for control over the company

The parent of smoothie chain Jamba Juice has appointed two independent directors to its board, squelching an attempt by activist investors to seek control, the company said Tuesday.

James Pappas, managing member of JCP Investment Management LLC, an affiliate of JCP Investment Partnership LP, and Glenn Welling, managing member and chief investment officer of Engaged Capital LLC, were named to Emeryville, Calif.-based Jamba Inc.’s board, effective immediately.

The two wi

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