Trian seeks seat for Peltz on P&G board

Activist investor Nelson Peltz’s Trian Fund Management is seeking a board seat at Procter & Gamble for Peltz, according to a regulatory filing on Monday.

The fund urged shareholders to vote for Peltz at the company’s shareholder meeting, citing Peltz’s significant expertise and long track record of working successfully with management teams to turn around consumer companies.

Trian said it was not seeking a break-up of the maker of Tide detergent and Gillette razors or the replacement of its chief executive.

Source

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