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Home>Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors

Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors

Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors

09/27/2017

Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors

Describe How Nelson Peltz Won Them Over as a Heinz Director After a Hard-Fought Proxy Contest

Underscore Nelson Peltz’s Long-Term Focus and Contributions Made to Heinz Board

Five Alumni of the H.J. Heinz Company (“Heinz”) Board of Directors today sent a letter to Directors of The Procter & Gamble Company (NYSE: PG) (“P&G”), reflecting on their positive experience working with Nelson Peltz in the Heinz boardroom.

Following Heinz’s hard-fought 2006 proxy contest against Trian Fund Management, L.P. (“Trian”), the Alumni of the Heinz Board found Nelson Peltz to be a valuable, constructive and collegial director with a focus on delivering long-term value to Heinz shareholders. The five signatories of the letter are former Heinz directors Charles E. Bunch, Thomas J. Usher, Dennis Reilley, John G. Drosdick and Dean R. O’Hare – all of whom were members of the Heinz Board for the entirety of Nelson Peltz’s tenure on the Board from 2006 through 2013.

The complete text of the letter can be found below and at www.RevitalizePG.com.

Dear Procter & Gamble Directors,

In 2006, Nelson Peltz joined the Board of H.J. Heinz Company following a long and hard-fought proxy contest. Like you, many of us had feared that Nelson’s presence would disrupt the effectiveness of our Board process and derail the execution of our strategy. However, just the opposite proved true.

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