The Procter & Gamble Company (“P&G”) is a nearly 180-year-old global consumer packaged goods company specializing in personal care products and cleaning agents. Among the company’s iconic brands are Tide laundry detergent, Crest toothpaste, Gillette razors and Pampers disposable baby diapers.
Trian initiated its investment in P&G in November 2016, believing that the company fit the profile of many Trian investments (e.g., an industry leader with an attractive asymmetric risk/reward profile, substantial market cap, strong balance sheet, and significant free cash flow). Trian believes strongly in P&G’s potential.
Nelson Peltz joined the P&G Board of Directors on March 1, 2018, following the December 2017 announcement of such appointment. Trian is working closely with P&G toward shared goals of driving market share growth and improved margins to create more value for all P&G shareholders.