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Unilever ousts chief Schumacher and promotes finance head Fernandez

Unilever Chief Executive Hein Schumacher will step down on March 1, 2025, by mutual agreement after less than two years in the role.
Fernando Fernandez, who was the Chief Financial Officer, will succeed Schumacher and aims to drive change at Unilever, according to Chairman Ian Meakins.
Unilever's shares dropped 3% following the unexpected management change amidst a turnaround plan that includes 7,500 job cuts.
Schumacher stated it was a privilege to lead Unilever and expressed pride in the company's recent achievements.

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Infobae

What is the multinational with a worldwide presence that chose an Argentine as its new CEO?

Fernando Fernández, an economist at the UBA with almost four decades in the company, will assume the leadership of Unilever on March 1. His appointment marks a milestone in the company’s history, which seeks to consolidate its global growth and improve its performance in key markets

2 days ago·Buenos Aires, Argentina

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Adweek

After Less than Two Years as CEO, Unilever's Hein Schumacher Receives His Walking Papers

Its the latest shuffle for a CPG giant that's shuffled a lot already

3 days ago

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Irish Independent

Unilever ditches CEO in surprise move for investors

Unilever surprised investors on Tuesday by ousting chief executive Hein Schumacher and replacing him with finance chief Fernando Fernandez, who will focus on speeding up the execution of the consumer group's turnaround strategy.

3 days ago·Ireland

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Euro Weekly News

Unilever chief executive replaced

Unilever showed the door to its chief executive Hein Schumacher on February 25. Following a move that apparently surprised the Dutch businessman, he will step down on March 2 and leave on May 31. Unilever’s board, which includes billionaire activist investor Nelson Peltz, “was unified in its decision to oust Schumacher” an insider told Reuters. Shares in the company, which owns Marmite… Source

3 days ago·Spain

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GMA Filipino News

Unilever ditches CEO Schumacher in surprise move

Unilever ULVR.L surprised investors on Tuesday by ousting chief executive Hein Schumacher and replacing him with finance chief Fernando Fernandez, who will focus on speeding up the execution of the consumer group's turnaround strategy.

3 days ago·Quezon City, Philippines

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News24

News24 Business | Dove and Sunlight owner Unilever replaces CEO in shock move

Unilever stunned investors on Tuesday by moving to replace chief executive Hein Schumacher with finance chief Fernando Fernandez, who will take on the tough task of reviving the consumer group's performance.

3 days ago·South Africa

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