Procter & Gamble: Trian urges holders to elect Nelson Peltz.
(CercleFinance.com) - Activist investor Trian Fund Management on Wednesday urged Procter & Gamble shareholders to elect its CEO Nelson Peltz as a board director at the group's AGM in October.
After P&G on Monday said the average return at the companies where Neslon Peltz serves as a board member has only been 8%, Tian said it also wants to correct these "false and misleading statements."
"Nelson has a long track record of improving performance at consumer companies and being a highly positive agent for change," Trian said in the statement.
Last Monday Procter & Gamble recommended that shareholders would not elect Nelson Peltz, saying that the Trian Fund Management's representative "does not bring any new or needed skills" to the board.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
After P&G on Monday said the average return at the companies where Neslon Peltz serves as a board member has only been 8%, Tian said it also wants to correct these "false and misleading statements."
"Nelson has a long track record of improving performance at consumer companies and being a highly positive agent for change," Trian said in the statement.
Last Monday Procter & Gamble recommended that shareholders would not elect Nelson Peltz, saying that the Trian Fund Management's representative "does not bring any new or needed skills" to the board.
Copyright (c) 2017 CercleFinance.com. All rights reserved.