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Procter & Gamble appoints Nelson Peltz to board

Staff Writer | Cincinnati, Oh., USA | December 18, 2017
Nelson PeltzThe Procter & Gamble Company, a consumer goods corporation, announced that it has appointed Nelson Peltz to its board of directors, effective March 1, 2018.
The Company has also committed to re-nominate Mr. Peltz to the Board as part of the Company’s slate of nominees for the 2018 Annual Meeting of Shareholders.

Mr. Peltz has been Chief Executive Officer of Trian Fund Management, L.P. since it was founded in November 2005.

Mr. Peltz also serves as the non-executive Chairman of The Wendy’s Company.

He is currently a director of Mondelez International, Inc., Sysco Corporation, and The Madison Square Garden Company, and has previously served as a director of H. J. Heinz Company, Legg Mason, Inc., and Ingersoll-Rand plc.

From April 1993 through June 2007, Mr. Peltz served as Chairman and Chief Executive Officer of Triarc Companies, Inc. which during that period of time owned Arby's Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses.

Mr. Peltz was Chairman and Chief Executive Officer and a Director of Triangle Industries, Inc. from 1983 until December 1988 when that company was acquired by Pechiney.

He began his business career in 1963 when he joined his family food business.