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Unilever Ousts CEO Schumacher
February 26, 2025
|Mint Mumbai
Anglo-Dutch consumer goods company elevates CFO Fernando Fernandez in push for faster growth
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Unilever Plc pushed out chief executive officer (CEO) Hein Schumacher after less than two years, signaling that the board wasn't satisfied with the pace of restructuring at the maker of Hellmann's mayonnaise and Ben & Jerry's ice cream.
The Anglo-Dutch consumer goods company said chief financial officer (CFO) Fernando Fernandez will take over as CEO on 1 March and hailed his ability to "drive change at speed," hinting that the board wants to push Unilever's transformation even faster.
Schumacher took over from Alan Jope in July 2023, at a time when investor confidence was low and after Unilever had granted activist investor Nelson Peltz a seat on the board. The Dutch executive quickly kicked off a shakeup that included plans to spin off its ice cream business and cut costs.
هذه القصة من طبعة February 26, 2025 من Mint Mumbai.
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