Peter W. May

Peter William May (born 1943/44) is an American businessman and investor.[2]

Peter W. May
Born1943/1944 (age 76–77)[1]
NationalityAmerican
EducationUniversity of Chicago (BA and MBA)
OccupationBusinessman
Investor
Known forCo-founder of Triarc Companies
Spouse(s)Leni Ann Finkelstein
ChildrenJonathan Paul May
Parent(s)Isabel and Samuel May

Biography

May was born to a Jewish family and raised in Hewlett, New York on Long Island, the son of Isabel and Samuel May.[3] His father was a businessman and his mother a social worker.[3] He has one sister, Linda.[3] He graduated with a B.A. and later an M.B.A. from the University of Chicago after which he worked for the accounting firm Peat Marwick.[3] In 1972, he joined the Flagstaff Corp founded by Nelson Peltz as an accountant and later became its chief financial officer. In the 1980s, May and Peltz partnered together and founded the investment firm Triarc Companies where May served as president and chief operating officer.[3] In April 1983, the Peltz and May bought a stake in vending-machine and wire company Triangle Industries Inc. with the idea of using it to make acquisitions, building it into a Fortune 100 industrial company.[4] Triangle was sold to Pechiney in 1988.[5]

In 1989, May joined the board of directors at Mount Sinai Medical Center; in 2002, he was named chairman of the board after being asked by former U.S. Secretary of the Treasury and then fellow board member Robert Rubin.[3] He was able to restore Mount Sinai to profitability in three years without utilizing its $180 million in unrestricted funds while also increasing its endowment by $70 million to $500 million.[3]

Personal life

In 1964, May married Leni Ann Finkelstein.[6] They have a son, Jonathan Paul May (married to Juliana Kelly in 1990).[7] The couple lives in Bridgewater, Connecticut.[7]

References
  1. "Executive Profile: Peter William May". Bloomberg LP. Retrieved 15 March 2018.
  2. "The Power of the Argument - An Interview with Peter W. May, President and Founding Partner, Trian Fund Management, L.P. ("Trian Partners" or "Trian")". Leaders Magazine. Retrieved March 15, 2018.
  3. Gupte, Pranay (February 22, 2002). "Lunch at The Four Seasons with: Peter May". New York Sun. Retrieved March 15, 2018.
  4. "Entrepreneurs Turn Tin Into Gold Sale Of Can Firm May Bring Owners $830 Million". Sun Sentinel. November 27, 1988.
  5. "Pechiney SA launches a tender offer for Triangle Industries Inc from Trian Group LP". Thomson Reuters. January 13, 1989. Retrieved July 6, 2015.
  6. "Leni Ann Finkelstein Fiancee of Peter May". New York Times. January 19, 1964.
  7. "Juliana Kelly Wed To Jonathan May". New York Times. July 2, 1990. Retrieved March 15, 2018.
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