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Benzinga
Benzinga
Wayne Duggan

Unilever Jumps After Nelson Peltz Joins Board

Nelson Peltz Unilever Board NYSE GSK Unilever Plc

Unilever plc (NYSE:UL) shares traded higher by 8% on Tuesday after the company announced activist investor Nelson Peltz is joining the company's board of directors.

What Happened? On Tuesday morning, Unilever named Peltz a board member and non-executive director. Peltz will serve as a member of the board's compensation committee and work with the company on business strategy. Pelz's hedge fund Trian Fund Management also has a 1.5% ownership stake in Unilever.

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