On Tuesday, Unilever nominated Nelson Peltz to its board of directors, as the company continues to discuss strategy with the American activist investor, who now has a roughly 1.5 percent interest in the consumer products behemoth. Peltz will join Unilever as a non-executive director in July and will be a member of the board’s pay committee, according to the company.
Peltz hedge fund, Trian Fund Management, oversees funds with stakes in around 37.4 million Unilever shares, or 1.5 percent of the British corporation, according to the company. Peltz said in a statement, “We look forward to collaborating with management and the Board to help advance Unilever’s strategy, operations, sustainability, and shareholder value.”
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