Nelson Peltz still looms large Activist investor Nelson Peltz, founder of Trian Fund Management, didn't present at CAGNY, but surely his presence was felt. He recently stepped down from Procter & Gamble Co.'s board after nearly four years, a time that saw P&G ditch its old matrix structure and reconfigure its business into six largely independent global business units—a move Peltz lobbied for. P&G CEO Jon Moeller showed a slide of the company structure adopted in 2018 that looked remarkably similar to one Unilever CEO Alan Jope had shown two days earlier outlining his company's recently announced restructuring. Like P&G, Unilever is ditching a country-category matrix structure in favor of five largely independent global business units. It so happens Peltz has recently been acquiring shares of Unilever.