Nelson Peltz is Chief Executive Officer and a founding partner of Trian Fund Management, L.P. (“Trian Partners”). Founded in November 2005 by Mr. Peltz, Peter May and Edward Garden, Trian Partners seeks to invest in undervalued and under-performing companies and to work closely with the management of those companies to enhance shareholder value through a combination of strategic re-direction, improved operational execution, more efficient capital allocation and stronger focus.
Over the past six years, Trian Partners has put forth operating and strategic plans for companies including The Wendy’s Company (“Wendy’s”), H. J. Heinz Company, Legg Mason, Inc., State Street Corporation, Kraft Foods Inc., Cadbury plc, Cracker Barrel Old Country Store, Inc., Family Dollar Stores, Inc. (“Family Dollar”), Marsh & McLennan Companies, Inc. and Tiffany & Co. Along with his partners, Mr. Peltz interacts with the management teams, board members and institutional shareholders of many of Trian’s portfolio companies to seek positive change at those companies. Mr. Peltz also serves as the non-executive Chairman of Wendy’s, the third largest quick service restaurant company in the United States. Mr. Peltz is also a director of H. J. Heinz Company, a leading global branded consumer products company and Legg Mason, Inc., a global asset management firm with $632 billion under management as of June 30, 2012. In September 2011, Mr. Peltz was recognized for the second year in a row by the National Association of Corporate Directors (NACD) as among the most influential people in the global corporate governance area. 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. 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 is Co-Chairman of the Board of Directors of the Simon Wiesenthal Center and Chairman of the New York Tolerance Center. In addition, he is a member of the Board of Overseers of the Weill Cornell Medical College and Graduate School of Medical Sciences and the Board of Directors of PAL. He is also a member of the Board o f Overseers of The Milken Institute, a member of the Honorary Board of Directors of the Prostate Cancer Foundation (formerly known as CaP CURE), a member of the Board of Trustees of the Intrepid Museum Foundation and a member of the Board of Directors of Avon Old Farms School.
A native of Brooklyn, New York, Mr. Peltz attended The Wharton School of the University of Pennsylvania.