Unilever To Add This Activist Investor To Board - What's The Catch?

  • Unilever PLC UL has appointed Nelson Peltz, the Chief Executive Officer and founding partner of Trian Fund Management L.P., as a Non-Executive Director.
  • The appointment will be effective from July 20, 2022.
  • Trian Fund Management holds a 1.5% (37.4 million ordinary shares) stake in Unilever, becoming one of the largest shareholders. 
  • Peltz has previously served on the Boards of consumer goods companies, including Procter & Gamble Co PG, H.J. Heinz Company, and Mondelez International, Inc. MDLZ.
  • Peltz's appointment comes as the company walked away from a $68 billion deal to acquire GSK Plc's GSK consumer-healthcare business.
  • Price Action: UL shares are trading higher by 5.82% at $46.54 in premarket on the last check Tuesday.
  • Photo Via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsManagementMoversMediaTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!