Nelson Peltz
Nelson Peltz
Nelson Peltzis an American businessman and a founding partner, together with Peter W. May and Edward P. Garden, of Trian Fund Management. L.P., an alternative investment management fund, based in New York. He is non-executive chairman of the Board of The Wendy's Company and a director of Legg Mason, Mondelēz International and Ingersoll Rand. He was formerly a director of H.J. Heinz Company. He was also formerly the Chief Executive Officer of Triangle Industries...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth24 June 1942
CityBrooklyn, NY
CountryUnited States of America
I spent most of my career operating businesses and fixing businesses, not staring at a Bloomberg screen.
I don't mind anybody coming after me as long as they're coming with facts.
I try to figure out the marketing puzzle.
Before, Tiffany sold watches only in its own stores. Now, Tiffany watches are sold in 1,500 stores.
Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce.
We are now highly supportive of Wendy's management team and their initiatives, and we believe that these new board members will contribute to Wendy's plan to improve its profitability.
The market will give you significant credit for completing this separation on an accelerated basis.