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Unilever Shares Jump as Peltz on Board Seen Spurring Change

  • Investor previously shook up Procter & Gamble in board stint
  • Appointment likely to increase pressure on Andersen, Jope
Nelson Peltz
Nelson PeltzPhotographer: Patrick T. Fallon/Bloomberg
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Unilever Plc appointed Nelson Peltz as a non-executive director, sending shares to their biggest gain in four months on expectations the activist investor will shake up the slow-growing consumer-goods giant.

Peltz will join the board in July and become a member of the compensation committee, London-based Unilever said Tuesday. His Trian Fund Management has taken a 1.5% stake in the company, which makes everything from Magnum Ice-cream to Dove Soap.