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Nelson Peltz enlists former Disney executive for proxy battle with Bob Iger

Activist hedge fund Trian says current board is too close to long-tenured chief executive
Disney chief executive Bob Iger, left, and Nelson Peltz, co-founder of hedge fund Trian Partners

Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years.

Trian will put forward its co-founder Nelson Peltz and former Disney executive Jay Rasulo at the company’s annual shareholder meeting next year, it said on Thursday.

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