Unilever introduced that Hein Schumacher is stepping down as chief government officer and as a board director on March 1, 2025 by mutual settlement, and can depart the corporate on Could 31,2025.
Fernando Fernandez, presently Unilever chief monetary officer and government director, can be appointed chief government officer efficient from March 1, 2025. Previous to turning into CFO in January 2024, Fernandez had a profitable tenure as president of magnificence and wellbeing. In earlier roles as president Latin America, CEO Brazil and CEO Philippines he led a number of the firm’s finest performing markets, delivering sturdy monetary outcomes whereas growing distinctive expertise.
Unilever Chairman Ian Meakins mentioned: “On behalf of the Board, I want to thank Hein for resetting Unilever’s technique, for the main target and self-discipline he has delivered to the corporate and for the strong monetary progress delivered throughout 2024. Hein launched and led a major productiveness programme and the graduation of the Ice Cream separation, each of that are totally on monitor. The Development Motion Plan (GAP) has put Unilever on a path to greater efficiency and the Board is dedicated to accelerating its execution. We’re grateful for Hein’s management, and we want him the easiest for the longer term.”
Talking of Fernando Fernandez’s appointment as CEO, Ian Meakins mentioned: “The Board has been impressed with Fernandez’s decisive and results-oriented method and his capacity to drive change at velocity. He partnered within the improvement of the GAP and in driving the productiveness programme. He has a powerful monitor document of efficiency and portfolio administration, a love of manufacturers and a profound data of Unilever’s operations.
“Whereas the Board is happy with Unilever’s efficiency in 2024, there may be a lot additional to go to ship best-in-class outcomes. Having labored with Fernando Fernandez intently over the past 14 months, the Board may be very assured in his capacity to steer a excessive performing administration crew, realise the advantages of the GAP with urgency, and ship the shareholder worth that the corporate’s potential calls for.”
Hein Schumacher mentioned: “It has been a privilege to steer Unilever. Now we have made actual progress and I’m happy with what we’ve got achieved in a brief time frame. With a transparent technique, a portfolio reset in movement and a powerful management crew in place, I sit up for seeing Unilever transfer from energy to energy sooner or later.”
Fernando Fernandez mentioned: “Being appointed as CEO of Unilever is an honour. Our focus can be on constructing a future-fit portfolio with a lovely progress footprint and delivering unmatched useful and perceivable superiority throughout our prime 30 energy manufacturers. I’ve full confidence in our crew’s capacity to propel Unilever to a worldwide industry-leading place and create substantial worth for our shareholders. I want to thank Hein for his values-led management and the efficiency focus he has delivered to the enterprise. I want him each success for the longer term.”
A radical inner and exterior search course of is being initiated to nominate a everlasting CFO. From 1 March 2025, Srinivas Phatak, presently Unilever’s deputy chief monetary officer and group controller, will turn out to be performing CFO. Pathak has served in world and native senior finance, technique and provide chain roles together with a profitable time period as CFO of Hindustan Unilever. Pathak’s management qualities and his broad expertise will allow him to associate Fernando in efficiently executing Unilever’s technique.
Written with the View : afaqs