Trian's Nelson Peltz elected to Legg Mason Board
| October 27th, 2009 | ||
| Legg Mason (NYSE: LM), a global asset manager, announced the election of Nelson Peltz to their Board of Directors on Monday. Mr. Peltz, CEO and founding partner of the Trian Group, joined the company’s Board on Tuesday as the fourteenth member. According to a Legg Mason press release, Mr. Peltz’s election to the board follows an agreement between Legg Mason and the Trian Group, and Trian has committed to voting its shares “in favor of Legg Mason’s director nominees.” The Trian Group is a hedge fund manager that was founded by Mr. Peltz, CEO, President Peter May, and Vice Chairman Ed Garden in November of 2005. The firm is a key investor in Legg Mason, owning over 4% of the company’s outstanding common stock. Mr. Peltz is CEO of Wendy’s/Arby’s Group (NYSE: WEN) and has served as a Director of H.J. Heinz Company (NYSE: HNZ) since 2006. | ||
See Press Release | ||
For Detailed Investor Profiles on these Investors, click below: |
Trian Group |
Related People: Ed Garden;
Related Entities: Trian Capital;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
Add a Comment |
More Recent Headlines
Mistral Capital forms Board of Advisors |
HealthSouth to Reimburse Activists for Proxy Fight |
Caxton starts High-Yield Debt fund Lucidus Capital Partners |
JSM Indochina Retaliates Against Activist Investor Passport Capital |
Event-Driven focused Senrigan Capital to launch with Blackstone’s backing |
Gartmore Edges Closer to $815 million IPO |
Andrew Bilzin Named New Marketing Director at Tremblant Capital |
Sandler Capital thinks Bare Escentuals is on the right track |
The Truth in Lessig's Critique of Transparency |
The Core Strength of Convertible Arbitrage |
