Trian’s Peltz seeks seat on board at Proc­ter & Gam­ble

Kuwait Times - - BUSINESS -

Ac­tivist in­vestor Nel­son Peltz is at­tempt­ing to se­cure a seat on the board at Proc­ter & Gam­ble, seek­ing faster changes at the con­sumer prod­ucts com­pany. Peltz’s Trian Fund Man­age­ment LP, which owns about $3.3 bil­lion worth of shares at Proc­ter & Gam­ble, said yes­ter­day that it’s in­ter­ested in help­ing Proc­ter & Gam­ble im­prove its per­for­mance, say­ing that its fi­nan­cial per­for­mance over the last 10 years has been dis­ap­point­ing. David Tay­lor was named CEO of the com­pany two years ago and P&G un­der his lead has at­tempted to trans­form the com­pany, fo­cus­ing on its big­ger brands with growth po­ten­tial.

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