Nelson Peltz, born on June 24, 1942, is a founding partner of Trian Partners. He serves as non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. Peltz has held director positions in notable companies and was a former CEO of Triangle Industries.
Nelson Peltz, an American billionaire businessman and investor, was born in Brooklyn, New York. He is known for being a founding partner of Trian Partners, an alternative investment management fund.
In 1963, Nelson Peltz joined A. Peltz & Sons, a wholesale food distribution business founded by his grandfather in 1896, starting as a delivery truck driver.
In 1964, Nelson Peltz married Cynthia Abrams, daughter of Benjamin Abrams, co-founder of Emerson Radio & Phonograph Corporation. The couple later divorced in 1981 and had two children together.
In 1972, Flagstaff Corp., a company founded by Nelson Peltz along with his brother and Peter May, went public after shifting its product line from produce to institutional frozen food.
Nelson Peltz, along with his brother and business partner, took their company, then called Flagstaff Corp., public with $150 million in sales. This marked a significant milestone in Peltz's business career.
Between 1963 and 1978, Nelson Peltz transformed a $2.5-million private company into a $150-million publicly held company, marking a significant financial achievement.
In 1979, Nelson Peltz sold the foodservice business division of Flagstaff Corp. to a group of investors, marking one of his many successful financial transactions in the food industry.
In 1983, Nelson Peltz and Peter May took over Triangle Industries, and within five years, the company became the world's largest packaging company with significant financial growth.
In 1985, Nelson Peltz married Claudia Heffner, a former fashion model, with whom he has eight children. Despite not converting to Judaism, their sons had bar mitzvahs.
Nelson Peltz's son, Will Peltz, was born in 1986. He is known for his work as an actor.
In 1993, Quaker bought the high-profile beverage company Snapple for $1.7 billion, but by 1997, Snapple's value had decreased, and Quaker sold it to Triarc for $300 million.
Nelson Peltz's daughter, Nicola Peltz, was born in 1995. She is known for her acting career.
In 1997, Nelson Peltz and Peter May purchased Snapple from Quaker Oats for $300 million through their investment vehicle, Triarc Companies, Inc. They managed to revitalize the company and later sold it to Cadbury's Schweppes for over $1.45 billion.
In 2004, Nelson Peltz was ranked No. 278 on the Forbes' 400 List with an estimated net worth of $1 billion, solidifying his position as one of America's richest businessmen.
Nelson Peltz has been a member of Wendy's board since the establishment of Trian Partners in November 2005. Wendy's shares have consistently lagged behind the S&P performance annually during his tenure.
In 2007, Nelson Peltz was appointed as the non-executive Chairman of The Wendy's Company.
Nelson Peltz started his first term on the Legg Mason board in October 2009. Unfortunately, Legg Mason's shares did not perform well relative to the S&P 500 while he was on the board.
In 2010, Nelson Peltz was recognized by the National Association of Corporate Directors (NACD) as one of the most influential figures in the realm of global corporate governance.
Nelson Peltz became a member of Family Dollar's board in September 2011. During his tenure, Family Dollar shares performed below the S&P 500 by 4.11% annually.
In 2012, Nelson Peltz was recognized by the National Association of Corporate Directors (NACD) for his impact and influence in the sphere of global corporate governance.
Nelson Peltz became a board member of Mondelez in January 2014. During his tenure from January 2014 to March 2018, Mondelez's shares performed 3.59% lower annually compared to the S&P, and its TSR lagged behind the S&P by 4.14% annually.
In February 2014, Forbes listed Nelson Peltz as one of the top-earning hedge fund managers in 2013, with significant earnings.
Nelson Peltz stepped down from Family Dollar's board in July 2015. During his time on the board, Family Dollar's TSR trailed behind by 5.25% annually.
Nelson Peltz joined Sysco's board in August 2015. Throughout his term from August 2015 to August 2021, Sysco's shares underperformed the S&P 500 by 2.88% annually, and its TSR trailed by 2.22% annually.
Nelson Peltz has been a member of the MSG Sports board since October 2015. During his tenure, MSG Sports shares have consistently underperformed the S&P 500 by 4.93% annually, and TSR has lagged behind by 6.32% annually.
As of February 2017, Forbes reported Nelson Peltz's net worth to be $1.51 billion, ranking him among the wealthiest individuals in the US.
In 2020, Nelson Peltz organized a fundraiser in support of President Donald Trump's re-election campaign.
Following the storming of the United States Capitol on January 6, 2021, Nelson Peltz expressed regret for voting for Donald Trump in the past election.
Nelson Peltz's daughter, Nicola Peltz, married Brooklyn Beckham in a Jewish ceremony on April 9, 2022.
The Walt Disney Co. faced a significant proxy fight with Nelson Peltz, Trian, and Blackwells over new corporate board directors. The battle was intense and costly, reflecting the ongoing power struggles in the entertainment industry.