Unilever Names Dutch Dairy Boss Schumacher As New CEO
Consumer goods giant Unilever has appointed Hein Schumacher to replace Alan Jope as chief executive from July 1 in a move that was welcomed by board member and activist shareholder Nelson Peltz.
Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief executive of Dutch dairy business FrieslandCampina.
The London-based company in September said that CEO Jope planned to retire at the end of 2023. Schumacher, who was formerly at Royal Ahold NV, also worked for H.J. Heinz for a decade across the U.S., Europe and Asia.
Peltz Support
Billionaire activist investor Nelson Peltz, who heads investor Trian Partners, said he strongly supports Hein “as our new CEO and look(s) forward to working closely with him to drive significant sustainable stakeholder value.”
Peltz become a Unilever board member in July after it was revealed early last year that he had built a stake in the company.
“I first met Hein when I served as a director at the H.J. Heinz Company from 2006 to 2013 and was impressed by his leadership skills and business acumen,” Peltz said.
‘Step-Up In Business Performance’
Commenting on his appointment, Schumacher said, “I am delighted to have been appointed to lead Unilever. It is a business with an impressive global footprint, a strong brand portfolio, a talented team and an enviable reputation as a leader in sustainability.
“In my time serving on the board, I have only become more convinced by the strength of Unilever’s fundamentals and its clear growth potential. I will be very focused on working with the Unilever team to deliver a step-up in business performance, as we serve the billions of people around the world who use its products every day.”
Related news
Lightning-fast washing without compromise – Coccolino Wonder Wash has arrived
Unilever’s latest innovation, Coccolino Wonder Wash, is a new generation…
Read more >Unilever acquires personal care brand Wild
Unilever today announced it has acquired the personal care brand…
Read more >AI-generated campaign revolution: Unilever takes marketing to a new level
Unilever is revolutionizing its marketing processes with a spectacular innovation:…
Read more >Related news
Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >Profitability of trade is decreasing – the government is opening up substantial resources
On May 28, Laurel Számítástechnikai Kft. held its 12th Retail…
Read more >Rules on meat products are getting stricter – a new concept is also included in the regulation
A new regulatory amendment has been proposed in Hungary: the…
Read more >