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Activist Investor Nelson Peltz Names the Two Disney Board Members He Wants to Kick Out
Nelson Peltz's Trian Partners identified the two Disney board members he wants removed: Michael Froman and Maria Elena Lagomasino.
Nelson Peltz, through his Trian Partners hedge fund, is seeking to shake up the Disney board by installing himself and ex-Disney CFO Jay Rasulo as directors, a looming proxy fight that has aggravated CEO Bob Iger. Now Peltz has identified the two Disney board members he wants removed: Michael Froman and Maria Elena Lagomasino. Regarding Lagomasino, Trian said in the filing that “her background in wealth management also appears largely unrelated to Disney’s businesses and, like Mr. Froman, she only has one skill central to Disney’s strategy” — brand, marketing and retail management.
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