BNY Mellon, an investment management and investment services company, has elected Ed Garden, Chief Investment Officer and a founding partner of Trian Fund Management, to its board of directors, effective immediately. He also will join the human resources and compensation committee, and the risk committee of the board.
Garden, along with Nelson Peltz and Peter May, founded Trian. As chief investment officer, Garden oversees all aspects of Trian's portfolio management, idea generation, analyses and due diligence activities. Garden also typically leads, along with Peltz and May, Trian's engagement with the management teams and boards of directors at the companies in which it invests. Garden currently serves on the boards of The Wendy's Company and Family Dollar Stores.
"We have had valuable discussions with Ed and Trian over the past several months about our progress towards improving our financial performance and capitalizing on the expanding opportunities in the markets we serve," BNY Mellon's Chief Executive Officer Gerald Hassell stated. "Ed brings to our Board the perspective of a large and engaged shareholder in BNY Mellon and has a track record of working collaboratively with other boards and management teams."
With the addition of Garden, BNY Mellon's board will have 14 directors, 13 of whom are independent. Garden will also be included in the company's slate of nominees for election to the board at the 2015 Annual Meeting of Shareholders.