Trian Fund : Proxy Advisory Firm ISS Concludes Change Is Warranted At DuPont

(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, sent a letter to DuPont stockholders summarizing Institutional Shareholder Services Inc.'s or "ISS" recommendation to vote the GOLD proxy card for Nelson Peltz and John Myers at DuPont's Annual Meeting on May 13, 2015.

Trian believes DuPont can be best-in-class in every aspect of its business - operating performance, earnings growth, returns on invested capital and corporate governance. However, DuPont is not best in class in any of those metrics today.

Trian believed that the Board is not holding management accountable for consistently poor operating performance and lacks the skills needed to make DuPontGREAT again. Trian said that ISS agrees with Trian that change is needed on the DuPont Board.

Trian believes all four of its nominees are needed in the DuPont boardroom to help DuPont make the improvements necessary to return the Company to its former greatness, and urges stockholders to vote the GOLD proxy card FOR the election of Nelson Peltz, John Myers, Arthur Winkleblack and Robert Zatta.