(Bloomberg) In his showdown with Nestle SA, hedge-fund billionaire Dan Loeb has tapped an industry veteran with more experience at other listed consumer-product companies than the Swiss giant’s entire board. Jan Bennink, who has managed dozens of well-known brands at Procter & Gamble Co. and other industry giants, is advising Loeb’s Third Point on its $3.5 billion stake and has put a chunk of his own money into the investment.
Loeb’s Consigliere in Nestle Fight Knows How the Sausage Is Made
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