Unilever’s problems are similar to those of Procter & Gamble, which it faced four years ago, and now has the same active investor on its board. But time has moved on otherwise.
On Tuesday, Unilever said Trian Partners founder Nelson Peltz would Take a seat on the company’s board of directors from July. After months of speculation that Activist had bought shares in Unilever, the company confirmed that they own a 1.5% stake in the hedge fund, which is currently valued at about $1.6 billion. Mr. Peltz to join Unilever’s compensation committee And may want change to pay incentives. At P&G, he criticized targets that rewarded top executives for sales growth below the industry average.