Nelson Peltz to step down coming from the board of Oreo maker Mondelez

Oreo cookies maker Mondelez International said on Tuesday activist investor Nelson Peltz would likely step down coming from its board of directors nearly four years after he was appointed.

Peltz, the CEO of Trian Fund Management, will step down on March 1 to give more time to various other companies’ boards.

Mondelez will name former Reynolds American CEO Debra Crew along with Trian Fund President Peter May to its board.

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