30.04.2015 15:58:46
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Glass Lewis Supports Trian's Nelson Peltz To DuPont Board
(RTTNews) - Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company (DD), which currently beneficially owns approximately 24.6 million DuPont shares valued at approximately $1.8 billion, today announced that Glass, Lewis & Co., LLC, one of the nation's leading independent proxy advisory firms, has recommended that DuPont stockholders vote the GOLD proxy card FOR Trian nominee Nelson Peltz at DuPont's Annual Meeting on May 13, 2015.
Glass Lewis' recommendation follows one issued earlier this week by the other leading proxy advisory firm, Institutional Shareholder Services Inc. or "ISS", to vote on the GOLDproxy card FOR Trian's nominees Nelson Peltz and John Myers.
Nelson Peltz, Chief Executive Officer and a Founding Partner of Trian, said, "We are very pleased that the two leading proxy advisory firms, ISS and Glass Lewis, have recognized that change is warranted at DuPont, and that Trian brings the ownership mentality necessary to address the Company's underperformance and drive meaningful change and value creation."
Trian urged DuPont stockholders to protect the value of their investment and help make DuPont GREAT again by voting the GOLD proxy card today to elect all four of Trian's nominees: Nelson Peltz, John Myers, Arthur Winkleblack, and Robert Zatta.
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