A P&G-Style Makeover Is a Big Ask for Unilever

Unilever has comparable issues to these Procter & Gamble confronted 4 years in the past, and now has the identical activist investor on its board. But instances in any other case have moved on.

On Tuesday, Unilever stated Trian Partners founder Nelson Peltz will take a seat on the company’s board of directors from July. After months of hypothesis that the activist had purchased shares in Unilever, the corporate confirmed that his hedge fund owns a 1.5% stake, at present valued at round $1.6 billion. Mr. Peltz will join Unilever’s compensation committee and might want modifications to pay incentives. At P&G, he criticized targets that rewarded prime executives for gross sales development that was under the trade common.