Loeb’s Consigliere in Nestle Fight Knows How the Sausage Is Made
- Industry veteran Bennink advising hedge fund on investment
- Dutch executive brings outside experience to Nestle showdown
Nestle Stake Finds Dan Loeb Pushing for L'Oreal Sale
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In his showdown with Nestle SA, hedge-fund billionaire Dan Loeb has tapped an industry veteran with more experience at other listed consumer-product companies than the Swiss giant’s entire board.
Jan Bennink, who has managed dozens of well-known brands at Procter & Gamble Co. and other industry giants, is advising Loeb’s Third Point on its $3.5 billion stake and has put a chunk of his own money into the investment.