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.
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