Peltz to step down from Oreo maker Mondelez's board

Peltz to step down from Oreo maker Mondelez's board

Oreo cookies maker Mondelez International Inc said on Tuesday activist investor Nelson Peltz would step down from its board of directors nearly four years after he was appointed.

Nelson Peltz founding partner of Trade Fund Management LP. speak at the WSJD Live conference in Lag
Nelson Peltz founding partner of Trade Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake

REUTERS: Oreo cookies maker Mondelez International Inc said on Tuesday activist investor Nelson Peltz would step down from its board of directors nearly four years after he was appointed.

Peltz, the CEO of Trian Fund Management, will step down on March 1 to give more time to other companies' boards.

Mondelez will name former Reynolds American CEO Debra Crew and Trian Fund President Peter May to its board.

(Reporting by Sangameswaran S in Bengaluru; Editing by Sai Sachin Ravikumar)

Source: Reuters

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