Trian president elected to Tiffany board

By Lisa Kerner

Charlotte, N.C., May 16 - President and founding partner of Trian Management, LP Peter W. May was elected to the board of directors of Tiffany & Co. at the company's annual meeting on Thursday, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

Trian beneficially owns 10.71 million shares, or 8.5%, of the New York-based fine jewelry company.

It was previously reported in March that May would be included in the slate of Tiffany's director nominees as an independent candidate.

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