 Mr Peltz is a billionaire hedge fund investor |
The rebel investment group demanding increased cost cutting and sales at food giant Heinz says it has won some seats on the firm's board. Led by hedge fund billionaire Nelson Peltz, the Trian Group has long been vocal in knocking Heinz's performance.
It said it was confident it had secured entry to the boardroom after a vote at Heinz's annual general meeting.
The result of the vote will not be known until next month. Heinz said it saw Trian getting less than four seats.
'Welcome'
Trian had originally stated its intension to get five places around the Heinz board table.
Mr Peltz said he was hoping to work in full cooperation with Heinz to move the company forward "for the benefit of all shareholders".
Heinz also put out a conciliatory note.
"With the election over, we do welcome Mr Peltz's comments at the annual meeting that he wants to work with management in the future," a Heinz spokesman said.
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