Nelson Peltz

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Nelson Peltz is an American businessman and a billionaire. He is the CEO of Triarc, the franchise parent of Arby's, TJ Cinnamon, Pasta Connection and Wendy's. Peltz is the former owner of Snapple.

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[edit] Biography

Peltz, a native of Brooklyn, New York, was enrolled at the MBA program at University of Pennsylvania, but never completed his degree. He dropped out to work for his family's business selling food to restaurants in New York.

He resides in Mt. Kisco, New York. He also owns a house in Paris, France, and Montsorrel (or "Mountain of Sorrow"), which is his house in Palm Beach, Florida previously owned by Anita Young, the sister of Georgia O'Keeffe. According to Forbes, it is one of the most expensive homes in the US.

He has been married twice and has 10 children. His second wife is Claudia Peltz.

In 2005, Peltz was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush.[1] [2] [3]

[edit] Business career

[edit] Heinz proxy fight

In 2006 he was involved in a proxy fight with Heinz to get five members of his company Triarc on the board of Heinz. In the end he succeeded in getting two members on the board.

[edit] Corporate acquisitions

In 2007 he bought a 3% share of Cadbury-Schweppes which may have influenced the spin-off of Cadbury Schweppes Americas Beverages from the Cadbury Schweppes confectionary group.

In 2007, he also bought $1.8 billion in shares of Kraft Foods, roughly a 3% of the total equity of the food maker.[4][5]

On Thursday, April 24, 2008 it was announced that Triarc Cos. would merge with burger chain Wendy's.

[edit] Curriculum vitae

  • Trian CEO (2007- )
  • Triarc Chairman & CEO (1993-2007)
  • Triangle Industries, Inc. Chairman and CEO (1983-88)
  • Member of the Board of Encore Capital Group (-2007)
  • Member of the Board of Heinz (2006-)
  • Member of the Board of Triarc (as Chairman, 1993-)
  • Intrepid Sea, Air & Space Museum Trustee
  • Milken Institute Overseer
  • Prostate Cancer Foundation Board of Directors
  • Simon Wiesenthal Center Co-Chairman

[edit] References

  1. ^ Drinkard, Jim. "Donors get good seats, great access this week", USA Today, 2005-01-17. Retrieved on 2008-05-25. 
  2. ^ "Financing the inauguration", USA Today. Retrieved on 2008-05-25. 
  3. ^ "Some question inaugural's multi-million price tag", USA Today, 2005-01-14. Retrieved on 2008-05-25. 
  4. ^ [1][dead link]
  5. ^ CNN

[edit] External links