You are here

PepsiCo reaches truce with billionaire investor Nelson Peltz

Monday, January 19, 2015 - 05:50
BT_20150119_LEPEPSI19_1464626.jpg
The settlement will likely end a long-running campaign by Mr Peltz and his team to break up PepsiCo

New York

NEARLY two years of public sabre-rattling between PepsiCo and the billionaire investor Nelson Peltz appeared to end, as the two announced a truce of sorts.

The food giant said on Friday it would add William Johnson, the former chief executive of HJ Heinz, to its board. Mr