Unilever announces Nelson Peltz to its Board as Non-Executive Director

– UK, London –  Unilever PLC (LON: ULVR | NYSE: ULVR) today announced the appointment of Nelson Peltz to its Board as a Non-Executive Director, effective from 20 July 2022, subject to regulatory approvals.

“We are pleased to be welcoming Nelson to the Unilever Board. We have held extensive and constructive discussions with him and the Trian team and believe that Nelson’s experience in the global consumer goods industry will be of value to Unilever as we continue to drive the performance of our business. We look forward to working closely together to create long-term sustainable value for our shareholders and wider stakeholders.” said Board Chair, Nils Andersen.

Nelson Peltz will also join the Compensation Committee.

About Nelson Peltz

Nelson Peltz is CEO and a Founding Partner of Trian Fund Management, L.P., an investment management firm. He has previously served on the Boards of several major global consumer goods companies, including The Procter & Gamble Company, H.J. Heinz Company, and Mondelēz International.

From April 1993 through June 2007, Mr. Peltz served as Chairman and CEO of Triarc Companies, Inc. which during that period owned Arby’s Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses. Mr. Peltz was Chairman and CEO and a Director of Triangle Industries, Inc., the largest packaging company in the world and a Fortune 100 industrial company, from 1983 until December 1988, when that company was acquired by Pechiney, S.A., a leading international metals and packaging company. Mr. Peltz began his business career in 1963 when he joined his family food business.

Mr. Peltz currently serves as Non-Executive Chairman of The Wendy’s Company and on the Boards of Janus Henderson Group Plc and Madison Square Garden Sports Corp.

In the early 1990s, Mr. Peltz served as a director and executive chairman of Mountleigh Holdings plc, a UK property trading and retailing company, which was placed in administrative receivership in May 1992 after the Gulf War severely impacted the UK real estate market. In May 1991, Mr. Peltz sold one-half of his shares in Mountleigh to a third party in a private off-market transaction. Before effecting the sale, Mr. Peltz took legal advice from a leading firm of London solicitors and, having considered that advice, acted in the belief that the sale would not violate the London Stock Exchange’s rules governing the timing of dealings about restricted periods. In August 1991, notwithstanding that his actions were by the advice received, the LSE issued a public censure to Mr. Peltz for dealing in Mountleigh securities during a restricted period while in possession of unpublished price-sensitive information. Since 1991, Mr. Peltz has served on boards of various public companies, including The Procter & Gamble Company, Mondelēz International, Inc., H.J. Heinz Company, The Wendy’s Company, Ingersoll-Rand plc, Legg Mason, Inc., Invesco Ltd., Sysco Corporation, Janus Henderson Group Plc, and Madison Square Garden Sports Corp.

Nelson Peltz commneted: “I am delighted to be joining the Board of Unilever. We believe it is a company with significant potential, through leveraging its portfolio of strong consumer brands and its geographical footprint. Trian has made a considerable investment in Unilever. We look forward to working collaboratively with management and the Board to help drive Unilever’s strategy, operations, sustainability, and shareholder value for the benefit of all stakeholders.”

About Unilever

Unilever is one of the world’s leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €52.4 billion in 2021. Over half of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world – including iconic global brands like Dove, Lifebuoy, Knorr, Magnum, Omo, and Surf; and other brands such as Love Beauty & Planet, Hourglass, Seventh Generation, and The Vegetarian Butcher.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance. We have a long tradition of being a progressive, responsible business. It goes back to the days of our founder William Lever, who launched the world’s first purposeful brand, Sunlight Soap, more than 100 years ago, and it’s at the heart of how we run our company today.

The Unilever Compass, our sustainable business strategy, is set out to help us deliver superior performance and drive sustainable and responsible growth, while:

– Improving the health of the planet;
– Improving people’s health, confidence, and well-being; and
– Contributing to a fairer and more socially inclusive world.

While there is still more to do, in the past year we’re proud to have achieved sector leadership in S&P’s Dow Jones Sustainability Index, ‘Triple A’ status in CDP’s Climate, Water, and Forest benchmarks and to be named as the top-ranked company in the GlobeScan/SustainAbility Sustainability Leaders survey, for the eleventh consecutive year.

For more information: https://www.unilever.com

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