Unilever Appoints Activist Investor Nelson Peltz as Nonexecutive Director
May 31 2022 - 3:33AM
Dow Jones News
By Michael Susin
Unilever PLC said Tuesday that it has appointed activist
investor Nelson Peltz as a nonexecutive director with effect from
July 20.
Mr. Peltz runs the activist hedge fund Trian Fund Management LP,
which holds a stake of around 1.5% in Unilever.
The fund had potentially been adding pressure to the packaged
food and consumer goods giant since its failed $68 billion bid for
GlaxoSmithKline PLC's consumer-health business in January.
"We have held extensive and constructive discussions with him
and the Trian team and believe that Nelson's experience in the
global consumer goods industry will be of value to Unilever as we
continue to drive the performance of our business," Chairman Nils
Andersen said.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
May 31, 2022 03:18 ET (07:18 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Unilever (EU:UNA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Unilever (EU:UNA)
Historical Stock Chart
From Sep 2023 to Sep 2024