Nelson Peltz, creator and ceo of Trian Fund Management, throughout the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.
Marco Bello|Bloomberg|Getty Images
Trian Fund Management on Thursday revealed it was choosing its CEO Nelson Peltz and previous Walt Disney CFO Jay Rasulo to the media giant’s board, as the company incomes a controversial proxy battle with Disney.
“Unfortunately, the Board and CEO appear to have no conviction that things will get better,” Trian stated in a news release Thursday.
The statement follows Trian reignited its proxy fight with Disney last month. The company revealed it was looking for 2 board seats for Peltz and another media executive, following what it called “significant value destruction and missteps” that the Board manage.
Disney has stated the proxy battle is obviously in part due to an individual animosity held by Peltz’s ally and previous Marvel manager IkePerlmutter Trian has oversight of shares owned by Perlmutter, who has actually been an outspoken critic of Disney CEO Bob Iger.
The battle released by Trian last month came the early morning after Disney designated Morgan Stanley CEO James Gorman and previous Sky television manager Jeremy Darroch to its board, in what seemed a relocate to mood Trian’s discontent.
Disney did not instantly react to CNBC’s ask for remark.
