Trian Partners Activist Presentation Deck
Trian Has Developed Strong Relationships with Company Boards
and Management Teams Following Prior Proxy Contests
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Trian has been involved in three proxy contests in its history:
(i) Heinz in 2006; (ii) DuPont in 2015; and (iii) P&G in 2017
In all three, we heard substantially the same rhetoric from the companies and their advisors prior to
the proxy contest. However, at Heinz and DuPont, management's views of Trian and Nelson Peltz
changed dramatically after we began to work with them to enhance shareholder value
We have since developed strong and positive relationships with both boards and
management teams
Heinz
QU PONT
PRIOR to
Vote
AFTER Trian
Involvement
"The company is at a key
inflection point and we cannot
afford to let the Board and
management be diverted from our
progress and plan by creating a
dysfunctional and destabilizing
environment." - Heinz, June 2006
"I said to another CEO... who had
called me and inquired about
Nelson, that if I were to form the
board today, Nelson would be one
of the first Directors I'd ask to serve
because he is an insightful,
communicative, enthusiastic,
energetic and available Director."
Bill Johnson, Heinz CEO, Mar 2008
Source: SEC filings and press releases.
6633
"Trian has chosen this path [a
proxy contest] with the potential to
disrupt our Company at a key
stage of execution against our
plan" - DuPont Press Release,
Jan 2015
"I have the highest regard for Nelson
Peltz and Ed Garden. Since
becoming CEO of DuPont, I have
talked many times with the Trian team
and appreciate their insights on
strategy and perations, as well as
the collaborative and productive
manner in which they have engaged
with us." - Ed Breen, DuPont CEO,
July 2017
P&G
"[P&G] is in the best position to
continue building a better
Company without adding Mr. Peltz
to the Board...Now is the time to
focus on accelerating results, and
prevent anything from derailing the
work that is delivering
improvement." - David Taylor,
August 1, 2017
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