Executive Director Unilever Schumacher to step down after less than two years in business
Kada Ben & Jerry ice cream in the store freezer.
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Unilever Executive director Hein Schumacher stepped down after less than two years in business, the company said on Tuesday, and the current CFO Fernando Fernandez was supposed to take his place leading the company.
Schumacher – who took over the reins in July 2023 and was tasked with keeping a giant for a wide consumption giant – he would give up the executive director and director of the Committee in March, and will leave the company on May 31. His departure takes place with each other’s agreement, said a wide consumption company.
The new role of Fernandez will enter into force on March 1.
Unilever said that after this announcement there was no change in the odds of 2025, or the medium -term guidelines of the company.
The shares in London fell around 1.6% to 12:29.
“On behalf of the Committee, I want to thank Hein for resetting the unilever strategy, for the focus and discipline brought by the company and for solid financial progress achieved during 2024,” said President Unilever Ian Meakins.
“Although the Committee is pleased with Unilever’s performance in 2024, there is much additional to achieve the best results in the class. In the past 14 months, the plaque is very convinced of its ability to lead the high performance of the administrative team, understand the advantage of the JAZA [Growth Action Plan] With the urgency and delivering the value of the shareholder that the company’s potential requires, “Meakins added.
Srinivas Phatak, the current deputy CFO -Ai group controller Unilever, will be taken over by a temporary CFO. The internal and external search that is now running to permanently fulfill the role, the company added.
Diana Rada, analyst of capital in Morningstar, said the announcement “unexpected”, especially given the recent control of the company as opposed to peers in a wide consumption area.
“There is nothing in the recent performance of the company, which could justify such a move,” she said. “In fact, UNILEVER stated a strong 18 -month period under his leadership, marked by a greater focus and a disciplined execution.”
Unilever did not make a further comment on the decision when he was contacted by CNBC.
