American activist investor Nelson Peltz has been appointed to the board at Unilever in a move welcomed by the markets as analysts speculated a shake-up could be on the cards at the consumer products giant.
Unilever- whose brands include Ben & Jerry’s ice cream, Dove soap and Hellmann’s mayonnaise - said Mr Peltz would join its board after his Trian Fund Management firm took a stake worth tens of millions.
Reports have been swirling for months that Mr Peltz was building a stake in Unilever. The confirmation on Tuesday that Trian has built a 1.5% stake in the company pushed shares up again, and by late morning in London shares in Unilever had risen by more than 6%.
