Unilever Stock Rises Sharply as Nelson Peltz Is Added to Board

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Updated May 31, 2022 4:03 am ET / Original May 31, 2022 3:43 am ET

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Unilever said it appointed Nelson Peltz as anon-executive director and confirmed his TrianFund Management holds a roughly 1.5% stake in the consumer products company.

Unilever shares traded in London were rising more than 7%. American depositary receipts of Unilever (ticker: UL) rose 6.9% to $47.04.

Peltz will join Unilever’s board and become…

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