TIDMULVR
RNS Number : 3637N
Unilever PLC
31 May 2022
Appointment of Non-Executive Director
London, 31 May 2022. Unilever PLC today announces the
appointment of Nelson Peltz as a Non-Executive Director of the
company and as a member of its Compensation Committee.
It is expected that the appointments will be effective from 20
July 2022.
Nelson Peltz is Chief Executive Officer and a Founding Partner
of Trian Fund Management, L.P. ("Trian"), an investment management
firm. He has previously served on the Boards of several major
global consumer goods companies, including The Procter & Gamble
Company, H.J. Heinz Company and Mondelēz International.
Nils Andersen, Chair of Unilever, said : "We are pleased to be
welcoming Nelson to the Unilever Board. 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. We look forward to working closely together to create
long term sustainable value for our shareholders and wider
stakeholders."
Nelson Peltz said : "I am delighted to be joining the Board of
Unilever. We believe it is a company with significant potential,
through leveraging its portfolio of strong consumer brands and its
geographical footprint. Trian has made a considerable investment in
Unilever. We look forward to working collaboratively with
management and the Board to help drive Unilever's strategy,
operations, sustainability, and shareholder value for the benefit
of all stakeholders."
Trian has confirmed that it manages funds which hold interests
in approximately 37.4 million ordinary shares of Unilever,
constituting approximately 1.5%* of Unilever's share capital.
*Based on Unilever's shares in issue (excluding treasury shares)
on 30 May 2022.
Disclosures for the Purposes of the UK Listing Rules
Nelson Peltz's appointments as a Non-Executive Director and as a
member of its Compensation Committee are expected to be confirmed
on or before 20 July 2022, subject to receipt of any required
regulatory approvals.
From April 1993 through June 2007, Mr Peltz served as Chairman
and Chief Executive Officer of Triarc Companies, Inc. which during
that period of time owned Arby's Restaurant Group, Inc. and the
Snapple Beverage Group, as well as other consumer and industrial
businesses. Mr Peltz was Chairman and Chief Executive Officer and a
Director of Triangle Industries, Inc., the largest packaging
company in the world and a Fortune 100 industrial company, from
1983 until December 1988, when that company was acquired by
Pechiney, S.A., a leading international metals and packaging
company. Mr Peltz began his business career in 1963 when he joined
his family food business.
Mr Peltz currently serves as Non-Executive Chairman of The
Wendy's Company and on the Boards of Janus Henderson Group Plc and
Madison Square Garden Sports Corp.
In the early 1990s, Mr Peltz served as a director and executive
chairman of Mountleigh Holdings plc, a UK property trading and
retailing company, which was placed in administrative receivership
in May 1992 after the Gulf War severely impacted the UK real estate
market. In May 1991, Mr Peltz sold one-half of his shares in
Mountleigh to a third party in a private off-market transaction.
Before effecting the sale, Mr Peltz took legal advice from a
leading firm of London solicitors and, having considered that
advice, acted in the belief that the sale would not violate the
London Stock Exchange's rules governing the timing of dealings in
relation to restricted periods. In August 1991, notwithstanding
that his actions were in accordance with the advice received, the
LSE issued a public censure to Mr. Peltz for dealing in Mountleigh
securities during a restricted period while in possession of
unpublished price-sensitive information. Since 1991, Mr Peltz has
served on boards of various public companies, including: The
Procter & Gamble Company, Mondelēz International, Inc., H.J.
Heinz Company, The Wendy's Company, Ingersoll-Rand plc, Legg Mason,
Inc., Invesco Ltd., Sysco Corporation, Janus Henderson Group Plc
and Madison Square Garden Sports Corp.
There are no other matters that require disclosure under 9.6.13R
of the UK Listing Rules.
ENDS
_____________________________________
Enquiries
Media:
London Press Office press.office-london@unilever.com
Jonathan Sibun +44 77 7999 9683 / JSibun@tulchangroup.com
Lucila Zambrano +44 78 2527 3767 /
lucila.zambrano@unilever.com
Investors:
Investor Relations Team +44 20 7822 6830 /
investor.relations@unilever.com
About Unilever
Unilever is one of the world's leading suppliers of Beauty &
Personal Care, Home Care, and Foods & Refreshment products,
with sales in over 190 countries and products used by 3.4 billion
people every day. We have 148,000 employees and generated sales of
EUR52.4 billion in 2021. Over half of our footprint is in
developing and emerging markets. We have around 400 brands found in
homes all over the world - including iconic global brands like
Dove, Lifebuoy, Knorr, Magnum, OMO and Surf; and other brands such
as Love Beauty & Planet, Hourglass, Seventh Generation and The
Vegetarian Butcher.
Our vision is to be the global leader in sustainable business
and to demonstrate how our purpose-led, future-fit business model
drives superior performance. We have a long tradition of being a
progressive, responsible business. It goes back to the days of our
founder William Lever, who launched the world's first purposeful
brand, Sunlight Soap, more than 100 years ago, and it's at the
heart of how we run our company today.
The Unilever Compass, our sustainable business strategy, is set
out to help us deliver superior performance and drive sustainable
and responsible growth, while:
- Improving the health of the planet;
- Improving people's health, confidence and wellbeing; and
- Contributing to a fairer and more socially inclusive
world.
While there is still more to do, in the past year we're proud to
have achieved sector leadership in S&P's Dow Jones
Sustainability Index, 'Triple A' status in CDP's Climate, Water and
Forest benchmarks and to be named as the top ranked company in the
GlobeScan/SustainAbility Sustainability Leaders survey, for the
eleventh consecutive year.
For more information about Unilever and our brands, please visit
www.unilever.com.
_____________________________________
This communication contains inside information. This is a public
announcement pursuant to Article 17 paragraph 1 of the European
Market Abuse Regulation (596/2014), including as applied in the
UK.
Safe Harbour
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