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Activist Investor Nelson Peltz Resigned From Pentair Board After 5 Months as Director


Pentair PLC PNR, +1.14% disclosed Tuesday that activist investor Nelson Peltz, founder of the hedge fund Trian Fund Management LP, has resigned from the industrial manufacturer's board, as of Sept. 10. Peltz became a director in April 2018, which was when the company completed the spinoff of its electrical business, nVent Electric PLC, to its shareholders...

Mentions: Management Hedge Fund Trian Fund