THE WHAT? Last week we reported on Nelson Peltz’ decision to step down from the Procter & Gamble board – and now it looks like the infamous activist investor could be poised to make waves at Unilever, at least if a report published by the Financial Times is to be believed.
THE DETAILS Quoting a report published by an analyst at Bernstein, the Financial Times said that Peltz’ Trian is on the hunt for a new target and Unilever fits the bill with its ‘dreary share price performance’.
THE WHY? Unilever has been the subject of much speculation of late thanks to its under-performing food division. Peltz, who famously pushed for more agility over at Procter & Gamble, could certainly provide the impetus Unilever needs to speed along its transformation, starting with the sale of its tea brands.