Trian Fund Management has formed Trian Advisory Partners and named three former CEOs with deep corporate leadership and operational experience as its founding members.
Trian Advisory Partners will provide support to Trian by identifying potential investment opportunities, assisting with due diligence, formulating strategic and operating initiatives for the companies in which Trian invests, and engaging with public company management teams, Boards of Directors, shareholders, and external advisors. Trian Advisory Partners may also join the Boards of Directors of companies in which Trian invests.
The initial Trian Advisory Partners* are:
• William R Johnson – Former Chairman and CEO of HJ Heinz, current Director of Emerson Electric, United Parcel Service and PepsiCo (effective March 23, 2015)
• Dennis M Kass – Former Chairman and CEO of Jennison Associates, former Chairman and current director of Legg Mason
• Dennis Reilley – Former Chairman and CEO of Praxair, current Chairman of Marathon Oil and a Director of Dow Chemical and Covidien
Nelson Peltz, Chief Executive Officer and a Founding Partner of Trian, says: “We are thrilled to welcome these world-class executives to Trian. We are honored that they are willing to devote significant time to working with us on various aspects of our investment process. We look forward to their involvement with our team for many years to come.”
Peter May, President and a Founding Partner of Trian, says: “We believe our new advisory partners offer unique perspectives, leadership capabilities and deep operating experience which will further strengthen Trian’s ability to create value for our investors as well for the shareholders of the public companies in which we invest.”
Ed Garden, Chief Investment Officer and a Founding Partner of Trian, says: “We have served on boards with our new Advisory Partners in recent years and appreciate the independent thinking and industry knowledge they bring to board and management collaborations. We are excited to formalise their roles with Trian and expect they will leverage the ongoing work of our 17 investment professionals.”