NEW YORK (AP) — ON THE BOARD: Activist investor Nelson Peltz will be a board member at Ingersoll-Rand, a company that he has said was underperforming rivals.
SKIN IN THE GAME: Peltz's Trian Fund Management announced in May that it had taken a 7.3 percent stake in Ingersoll-Rand, making it one of the biggest shareholders in the industrial conglomerate.
ON DECK: Earlier this month, Ingersoll-Rand asked Trian to present strategic proposals at the company's regular board meeting. Ingersoll-Rand, based in Sword, Ireland, is reviewing strategic proposals presented by Trian. It expects to complete the review by year's end.