Ingersoll-Rand Appoints Nelson Peltz of Trian Partners to Board

Ingersoll-Rand Plc (IR), the maker of security systems and Trane air conditioners, said it named Nelson Peltz, chief executive officer of Trian Fund Management LP, to its board of directors.

Ingersoll-Rand, based in Swords, Ireland, said it is expanding its board to 12 to include Peltz. He will join the corporate governance and nominating committee and the finance committee.

Ingersoll-Rand said Aug. 3 that it’s considering options after Peltz presented ideas on strategy at a board meeting. Trian’s stake in Ingersoll-Rand was about 7 percent as of that date, the fund has said.

The company’s board is to complete its review by the end of the year.

To contact the reporter on this story: Sara Marley in London at smarley1@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.