Business Standard

After P&G revamp, activist investor Nelson Peltz moves on to Unilever

Billionaire investor has built 1.5% stake in Unilever, he will also serve on compensation committee; shares jump 7% as investors welcome potential overhaul

Nelson Peltz (Photo: Bloomberg)

Nelson Peltz (Photo: Bloomberg)

Billionaire activist Nelson Peltz will join the board of Unilever, the consumer goods giant said on Tuesday, heaping pressure on the maker of Dove soap and Hellmann's mayonnaise as it reviews its strategy.

Shares in the London-listed group jumped 7% as investors bet Peltz, whose hedge fund Trian has built up a 1.5% stake in Unilever, will use his new position as non-executive director to instigate the kind of turnaround he helped oversee at other consumer companies, including Procter & Gamble.

It is Peltz's latest intervention in a major consumer goods company and he is likely to push Unilever for a bigger

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First Published: May 31 2022 | 10:28 PM IST

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