Reported about 7 hours ago
Unilever has announced that CEO Hein Schumacher will step down effective March 1, just two years into his tenure. The decision to replace Schumacher comes as the company aims to invigorate its growth and cut costs amid ongoing economic challenges and shareholder pressure. Finance chief Fernando Fernandez will take over, with the board expressing confidence in his ability to expedite the turnaround plan. The move surprised analysts and led to a decline in Unilever’s stock as the company navigates a complex market landscape.
Source: YAHOO