Trian launches proxy fight for seat on P&G board

By Lucy Tandon Copp 17-Jul-2017

Stakeholder nominates CEO Nelson Peltz for election to the board in the biggest proxy fight to date

P&G's shaving brands include Gillette and Braun

Trian Partners, which owns approximately $3.3bn of shares of P&G, has filed a preliminary proxy statement for the election of its CEO Nelson Peltz to P&G’s Board of Directors.

The investment management firm is launching the largest proxy battle ever by taking on consumer giant P&G.

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In a press statement released today, Trian said that as one of P&G’s largest shareholders, and given P&G’s “disappointing” results over the past decade, it has a keen interest in...

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