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Unilever confirmed that its 2025 outlook and medium-term guidance remain unchanged.
Unilever CEO Hein Schumacher steps down.
FMCG-giant Unilever announced today that Hein Schumacher will step down as CEO and Board Director on 1 March 2025, with a departure date of 31 May 2025. Fernando Fernandez, current CFO and Executive Director, will succeed Schumacher as CEO effective 1 March 2025.
Fernandez Brings Strong Track Record To CEO Role
Fernandez has a proven track record of success at Unilever, previously serving as President of Beauty & Wellbeing and leading high-performing markets in Latin America, Brazil, and the Philippines.
The Board expressed gratitude for Schumacher’s leadership in resetting Unilever’s strategy, driving productivity, and initiating the Ice Cream separation. They highlighted his role in putting Unilever on a path to higher performance.
Board Confident In Fernandez’s Ability to Drive Growth
The Board expressed confidence in Fernandez’s ability to accelerate Unilever’s Growth Action Plan, deliver strong financial results, and enhance shareholder value. They cited his decisive leadership, results-oriented approach, and deep understanding of Unilever’s operations.
Schumacher expressed pride in the progress made during his tenure and his confidence in Unilever’s future strength and growth. He highlighted the company’s clear strategy, portfolio reset, and strong leadership team.
Fernandez Outlines Priorities as Incoming CEO
Fernandez emphasized his focus on building a future-fit portfolio, driving growth across key brands, and strengthening Unilever’s global industry position. He expressed gratitude to Schumacher for his leadership and commitment to the business.
Search For New CFO Underway
Unilever initiated a search for a permanent CFO. Srinivas Phatak, current Deputy CFO and Group Controller, will assume the role of acting CFO from 1 March 2025, leveraging his extensive finance and leadership experience.
Business Outlook and Financial Guidance Remain Unchanged
Unilever confirmed that its 2025 outlook and medium-term guidance remain unchanged.
Remuneration Details for CEO Transition
Details of the remuneration arrangements for both the incoming and departing CEOs, including Fixed Pay, bonus eligibility, and Performance Share Plan participation, will be outlined in the Remuneration Report.
