Deals
Serial Consumer Activist Peltz Sets Sights on Board Role at P&G
- Investor criticizes P&G’s ‘slow-moving and insular culture’
- Peltz’s past campaign have targeted Heinz, Mondelez, Wendy’s
Trian Nominates Nelson Peltz for P&G Board Seat
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Investor Nelson Peltz is tightening the screws on yet another American blue-chip company: Consumer-goods giant Procter & Gamble Co.
Five months after revealing a stake, Peltz’s Trian Fund Management began a proxy fight to win a board seat at P&G -- the biggest company targeted by such a move -- characterizing the $223-billion maker of Pampers diapers and Tide detergent as a lumbering giant whose stock has underperformed its peers.