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Unilever PLC - London-based consumer goods - Appoints activist investor Nelson Peltz to board, starting July 20. Peltz is chief executive officer and a founding partner of Trian Fund Management LP. Funds managed by Trian have 37.4 million Unilever shares, a 1.5% stake, both companies confirm. London-listed Trian Investors 1 Ltd holds 1.1 million of these, which it bought back in April for £37.7 million.
‘We are pleased to be welcoming Nelson to the Unilever board,’ says Unilever Chair Nils Andersen. ‘We have held extensive and constructive discussions with him and the Trian team and believe that Nelson's experience in the global consumer goods industry will be of value to Unilever as we continue to drive the performance of our business.’
Peltz says: We believe [Unilever] is a company with significant potential, through leveraging its portfolio of strong consumer brands and its geographical footprint.‘
Current stock price: 3,738.00 pence, up 6.9% on Tuesday in London
12-month change: down 12%
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