Mondelez Adds Activist Investor Peltz To Board

Law360, New York (January 21, 2014, 1:30 PM EST) -- Mondelez International Inc. said Tuesday it expanded its board of directors to include activist investor Nelson Peltz, whose Trian Fund Management LP has slowly grown its holdings in the company over the last two years and pushed for a takeover by fellow food and beverage titan PepsiCo Inc.

The addition of Peltz brings Mondelez’s board up to 12 directors, 11 of which are independent, according to a statement. All are elected on an annual basis and Peltz will be included in the company's list of nominees...
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