REG - Unilever PLC - Appointment of Non-Executive Director

UnileverAnnouncement

31/05/2022 07:00

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RNS Number : 3637N  Unilever PLC  31 May 2022

Appointment of Non-Executive Director

 

London, 31 May 2022. Unilever PLC today announces the appointment of Nelson
Peltz as a Non-Executive Director of the company and as a member of its
Compensation Committee.

 

It is expected that the appointments will be effective from 20 July 2022.

 

Nelson Peltz is Chief Executive Officer and a Founding Partner of Trian Fund
Management, L.P. ("Trian"), 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.

 

Nils Andersen, Chair of Unilever, said: "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."

 

Nelson Peltz said: "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."

 

Trian has confirmed that it manages funds which hold interests in
approximately 37.4 million ordinary shares of Unilever, constituting
approximately 1.5%* of Unilever's share capital.

 

*Based on Unilever's shares in issue (excluding treasury shares) on 30 May
2022.

 

Disclosures for the Purposes of the UK Listing Rules

 

Nelson Peltz's appointments as a Non-Executive Director and as a member of its
Compensation Committee are expected to be confirmed on or before 20 July 2022,
subject to receipt of any required regulatory approvals.

 

From April 1993 through June 2007, Mr Peltz served as Chairman and Chief
Executive Officer of Triarc Companies, Inc. which during that period of time
owned Arby's Restaurant Group, Inc. and the Snapple Beverage Group, as well as
other consumer and industrial businesses. Mr Peltz was Chairman and Chief
Executive Officer 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 in relation to restricted periods.  In
August 1991, notwithstanding that his actions were in accordance with 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.

 

There are no other matters that require disclosure under 9.6.13R of the UK
Listing Rules.

 

ENDS

_____________________________________

 

 

Enquiries
Media:

London Press Office press.office-london@unilever.com
(mailto:press.office-london@unilever.com)

Jonathan Sibun +44 77 7999 9683 / JSibun@tulchangroup.com
(mailto:JSibun@tulchangroup.com)

Lucila Zambrano +44 78 2527 3767 / lucila.zambrano@unilever.com
(mailto:lucila.zambrano@unilever.com)

 

Investors:

Investor Relations Team +44 20 7822 6830 / investor.relations@unilever.com
(mailto:investor.relations@unilever.com)

 

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 wellbeing; 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 about Unilever and our brands, please visit
www.unilever.com.

_____________________________________

 

This communication contains inside information. This is a public announcement
pursuant to Article 17 paragraph 1 of the European Market Abuse Regulation
(596/2014), including as applied in the UK.

 

 

Safe Harbour

This announcement may contain forward-looking statements, including
'forward-looking statements' within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Words such as 'will', 'aim',
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results, and their negatives, are intended to identify such forward-looking
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Unilever Group (the 'Group'). They are not historical facts, nor are they
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statements involve risks and uncertainties, actual results may differ
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Group expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to
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change in events, conditions or circumstances on which any such statement is
based.

 

Further details of potential risks and uncertainties affecting the Group are
described in the Group's filings with the London Stock Exchange, Euronext
Amsterdam and the US Securities and Exchange Commission, including in the
Annual Report on Form 20-F 2021 and the Unilever Annual Report and Accounts
2021 available on our corporate website www.unilever.com.

 

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