P&G Gets Boost From Stronger Results in Fight Against Peltz
- Activist investor launched a proxy fight earlier this month
- P&G CEO says he’d look elsewhere for potential new directors
Trian Nominates Nelson Peltz for P&G Board Seat
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Procter & Gamble Co. Chief Executive Officer David Taylor says he’s willing to keep talking to activist investor Nelson Peltz, but he’s not ready to give him a seat in the boardroom.
Peltz, who began a proxy fight this month to become a P&G director, isn’t the kind of board member that the company needs right now, Taylor said in an interview. If anything, the company needs tech-savvy executives who could help the consumer-products giant adapt to a shifting industry.