Disney issued a statement in opposition against Nelson Peltz, the Trian Management CEO gearing up for a proxy fight against the company as he pursues a seat on the company’s board.
In a slideshow released Tuesday, Disney argued that Peltz “does not understand Disney’s businesses, and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem.”
Additionally, he has “no track record in large cap media or tech, no solutions to offer for the evolving media landscape,” the current board wrote for a Tuesday securities filing.
On Jan. 11, the company announced Nike executive chairman Mark Parker as its replacement for Disney chairman Susan Arnold. Arnold will step down from the board at the conclusion of his 15-year term limit.
Reference-www.thewrap.com
