Activist investor Nelson Peltz will join Unilever’s board as a non-executive director, the company said yesterday, after disclosing Peltz's firm had built a 1.5% stake in the roughly $120 billion company.
Why it matters: Peltz’s enlistment in the Dove soap and Hellmann’s mayonnaise parent’s board is likely to signal a drastic shakeup, just as the company faces pressure to boost sales amid lackluster share performance versus peers over recent years.
