Americold Realty Trust (COLD) said Monday its board has formed a finance committee to review its portfolio and recommend potential divestitures as part of efforts to enhance shareholder value.

The five-member committee, chaired by David Neithercut, will also identify ways to reduce debt while maintaining the dividend and preserving core assets, the company said.

The company also said it has appointed Joseph Reece and Stephen Sleigh to its board, effective immediately. Reece will serve as vice chair of the finance committee, the company added.

Americold said it also entered into a cooperation agreement with major shareholder Ancora Group, which agreed to support the board's full slate of directors at the 2026 annual meeting and enable private collaboration on strategic initiatives.