NEW YORK - A group of current and former directors from various respected companies have publicly endorsed Nelson Peltz and Trian Fund Management's efforts to join The Walt Disney Company's (NYSE: NYSE:DIS) Board of Directors. In a letter addressed to Disney's board, these executives shared their positive experiences working with Peltz and Trian, emphasizing their ability to collaborate constructively and drive long-term shareholder value.
The signatories of the letter include former board members from notable companies such as H.J. Heinz, Procter & Gamble (NYSE:PG), Janus Henderson, Legg Mason (NYSE:LM), Mondelēz International, Sysco (NYSE:SYY), and Wendy’s (NASDAQ:WEN). They collectively praised Peltz for his open-minded approach and commitment to growth and stakeholder benefits, which they believe contributed to the success of their respective companies.
These endorsements come as Trian, a multi-billion dollar investment management firm known for its active engagement in the companies it invests in, seeks to place Peltz and Jay Rasulo on Disney's board. The firm encourages shareholders to vote in favor of their appointment, citing the operational expertise and the track record of its founding partners, Nelson Peltz and Peter May, in enhancing earnings growth and value for all stakeholders.
Trian's approach has been characterized as collaborative, focusing on working alongside management teams and boards rather than pursuing aggressive changes. The letter's signatories, who have experienced working with Peltz, attest to his positive influence in boardroom discussions, where he welcomed different perspectives and encouraged healthy debate.
The campaign to elect Peltz and Rasulo to Disney's board is part of Trian's broader strategy to invest in high-quality yet undervalued and underperforming public companies. The firm aims to help these companies execute strategic initiatives that drive sustainable earnings growth.
The information disclosed is based on a press release statement and reflects the opinions of Trian and its affiliates. It is not affiliated with or endorsed by Disney. Shareholders are advised to read the definitive proxy statement and other proxy materials available on the SEC's website and Trian's website for more information.
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