P&G is under pressure to improve its performance following its proxy fight with activist investor Nelson Peltz. In an Oct. 10 vote, the firm's slate of candidates narrowly outpolled Peltz in his bid for a seat on board. (Also see "P&G Counts Board Vote Win As Peltz Claims 'Change' Message Delivered" - Pink Sheet, 11 October, 2017.)

Peltz, whose hedge fund company Trian Fund Management LP owns $3.5bn in the firm’s stock, wants to transform the firm’s structure from 10 global business units to three autonomous units.

CFO Jon Moeller declined to address the firm’s relationship with Peltz or any impact he may have, but Moeller suggested the proxy fight provide important insight from institutional investors.

“It’s been a great opportunity to engage with investors, both at the management level and the board level. Clearly, what’s been driven home to me is the passion that or investors have, both large and small and that’s a great asset and their interest in the company and their ideas relative to its success are also an incredible asset,” he said.

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