Nelson Peltz is chief executive officer and a founding partner of Trian Fund Management, L.P. ("Trian Partners"). Founded in November 2005 by Peltz, Peter May and Edward Garden, Trian Partners seeks to invest in undervalued and under-performing companies and to work closely with the management of those companies to enhance shareholder value through a combination of strategic re-direction, improved operational execution, more efficient capital allocation and stronger focus.
Since its founding, Trian Partners has put forth operating and strategic initiatives for companies including The Wendy's Company ("Wendy's"), H. J. Heinz Company, Legg Mason, Inc., State Street Corporation, Kraft Foods Inc., Cadbury plc, Cracker Barrel Old Country Store, Inc., Family Dollar Stores, Inc., Marsh & McLennan Companies, Inc., Tiffany & Co. and Ingersoll-Rand plc, PepsiCo, Inc. and Mondelēz International, Inc. Along with his partners, Peltz interacts with the management teams, board members and institutional shareholders of many of Trian's portfolio companies to seek positive change at those companies. Peltz serves as the non-executive chairman of Wendy's, the second largest quick service restaurant company in the United States. Peltz is also a director of Legg Mason, Inc., a global asset management firm with approximately $695 billion under management as of February 28, 2014, and Ingersoll-Rand plc, which has a portfolio of leading industrial brands with strong market positions, and Mondelēz International, Inc., a global snacking powerhouse, with 2012 revenue of $35 billion. He previously served as a director of H. J. Heinz Company from September 2006 to June 2013. In September 2012, Peltz was recognized for the third consecutive year by the National Association of Corporate Directors (NACD) as among the most influential people in the global corporate governance area. From April 1993 through June 2007, Peltz served as Chairman and Chief Executive Officer of Triarc Companies, Inc. which during that period of time owned Arby's Restaurant Group, Inc. and the Snapple Beverage Group, as well as other consumer and industrial businesses.
He was chairman and chief executive efficer and a director of Triangle Industries, Inc. from 1983 until December 1988, when that company was acquired by Pechiney, S.A., a leading international metals and packaging company. Peltz began his business career in 1963 when he joined his family food business.
Peltz is co-chairman of the Board of Directors of the Simon Wiesenthal Center and Chairman of the New York Tolerance Center. In addition, he is a member of the Board of Overseers of the Weill Cornell Medical College and Graduate School of Medical Sciences, a member of the Board of Overseers of The Milken Institute, a member of the Honorary Board of Directors of the Prostate Cancer Foundation (formerly known as CaP CURE) and a member of the Board of Trustees of the Intrepid Museum Foundation.
A native of Brooklyn, New York, Peltz attended The Wharton School of the University of Pennsylvania.