May 31, 2022
Activist investor Nelson Peltz to join board of Unilever
Activist investor Nelson Peltz has joined the board of consumer goods group Unilever after acquiring a 1.5 per cent stake, sending shares in the company higher. The maker of Magnum ice cream, Dove soap and Axe deodorant said Peltz would join as a non-executive director on July 20 and also become a member of the group's compensation committee. The elevation of Peltz to the board is the latest in a series of interventions in the consumer goods sector by the activist investor, who has previously sat on the boards of Procter & Gamble, Heinz and Mondelez. Peltz stepped down from the board of P&G last year, four years after he had acquired a $3bn stake in the company. "James Edwardes Jones, analyst at RBC Capital Markets, said:"At P&G, we believe Nelson Peltz stimulated changes to culture, remuneration and organisational structure.
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