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Stock Market News

Unilever adds activist investor Peltz to board

05/31/2022

Less than a minute

2022.05.31 09:26

Unilever adds activist investor Peltz to board
FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/File Photo

(Reuters) – Unilever (NYSE:UL) named activist investor Nelson Peltz as a new board member on Tuesday after his Trian Fund Management disclosed a 1.5% stake in the consumer goods giant.

Unilever said it had held “extensive and constructive discussions” with Peltz, who will join as a non-executive director from July.

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05/31/2022

Less than a minute