TRP_1170x120_12-19-19

David Taylor

P&G names Jimenez, Peltz to board after proxy fight

P&G names Jimenez, Peltz to board after proxy fight

CINCINNATI — After a lengthy proxy battle, Procter & Gamble Co. has named Novartis chief executive officer Joseph Jimenez and activist investor Nelson Peltz as directors. Jimenez and Peltz, co-founder of Trian Fund Management, are slated to join the board on March 1. Their additions will expand the P&G board from 11 to 13 members.

Coty closes merger with P&G specialty beauty

Coty closes merger with P&G specialty beauty

NEW YORK — Coty Inc. has finalized its acquisition of the fine fragrances, salon professional, cosmetics, retail hair color, and select hair styling businesses of Procter & Gamble Co. Coty said Monday that the transaction, valued at more than $11 billion, makes it the world’s third-largest beauty care company, with annual revenue of about $9