P&G urges shareholders to ‘vote blue’ to keep Peltz out

Published: 14-Aug-2017
Finance

In a letter to shareholders, P&G said it believes Trian’s CEO Nelson Peltz is seeking Board election to satisfy his own agenda

You need to be a subscriber to read this article.
Click here to find out more.
Embed from Getty Images

P&G has sent a letter to its shareholders urging them to back its existing directors and prevent Trian’s CEO Nelson Peltz from joining the Board.

The company said electing Peltz would derail the value creation progress it is making, and satisfy Peltz and his partners’ own agenda.

Not yet a Subscriber?

This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.

Subscribe now Already a subscriber? Sign in here.
  • Companies:
  • Procter and Gamble
See more

You may also like

Hair Care

Henkel acquires Vidal Sassoon's Chinese business from P&G

Read more
The consumer goods company is purchasing Vidal Sassoon to cover a ‘white spot’ in its premium hair care offering in China

Trending Articles

  1. L’Oréal USA promotes Silvia Galfo to President of Luxe Division Galfo, previously Chief Growth Officer of the beauty group’s US subsidiary, will replace Megan Grant
  2. LVMH’s revenue dips despite ‘remarkable growth’ from Sephora The giant’s Selective Retailing and Perfumes & Cosmetics divisions delivered strong sales despite the ‘uncertain’ economic climate
  3. L'Occitane fends off lawsuit over online privacy violations Law firm Zimmerman Reed and 3,144 customers claimed that the company's website tracking tools violated consumer privacy
  4. Give Back Beauty lands Mercedes-Benz fragrance licence deal The group will now create, produce and distribute Mercedes-Benz fragrances after acquiring the automotive brand’s licence owner INCC Parfums
  5. Nivea helps push Beiersdorf sales to €4.9 billion in H1 Sun protection was pinpointed as a strong performance segment for the German giant's Nivea, Eucerin and Aquaphor brands

Upcoming event

CCE Safety Assessment Module 3, Toxicology 2

23 April 2024 | Virtual See all

You may also like

Hair Care

Henkel acquires Vidal Sassoon's Chinese business from P&G

The consumer goods company is purchasing Vidal Sassoon to cover a ‘white spot’ in its premium hair care offering in China
Finance

P&G appoints Johnson & Johnson veteran Ashley McEvoy to board

McEvoy stepped down as the lead of J&J’s medical devices business in October
You need to be a subscriber to read this article.
Click here to find out more.
Sustainability

Top 50 beauty brands 2023: Which is the world’s biggest brand?

L’Oréal has retained its status as the world’s most valuable beauty brand on Brand Finance’s league table, but did its value rise or dive in 2023?
You need to be a subscriber to read this article.
Click here to find out more.
Sustainability

Top 50 beauty brands 2023: Which brands are the best loved?

Why are the most valuable brands not necessarily the strongest? And, with that in mind, which beauty player reigns supreme in strength? Brand Finance explains
You need to be a subscriber to read this article.
Click here to find out more.
Sustainability

Top 50 beauty brands 2023: How important is sustainability for consumers’ perception of brands?

Which brands are ranking highly in Brand Finance’s table thanks to their sustainability and CSR drives, combined with positive customer perception?
Sustainability

P&G adds WWF’s Sheila Bonini and former US Senator Rob Portman to board

The appointments are expected to deepen the board’s expertise in environmental sustainability and global trade
Skin Care

P&G beauty and grooming sales stagnate, but FMCG giant raises 2023 outlook

Beauty segment organic sales inched up 3%, while grooming plateaued versus Q2 2022
Subscribe now