In an unexpected move, Unilever has removed CEO Hein Schumacher and appointed finance chief Fernando Fernandez as his successor. The board expressed confidence in Fernandez's decisive leadership style as they aim to bolster the company's turnaround strategy. Chairman Ian Meakins emphasized the importance of achieving best-in-class results, indicating substantial goals still remain for the consumer goods giant. Analysts view this change positively, believing it may enhance Unilever's growth trajectory.
Unilever's decision to replace CEO Hein Schumacher with finance chief Fernando Fernandez surprised investors, signaling a renewed focus on executing the company's turnaround strategy.
Chairman Ian Meakins praised Fernandez's 'decisive and results-oriented approach', which the board deemed crucial for delivering the expected growth results.
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