Unilever said on Thursday it will sell its plant-based meat brand The Vegetarian Butcher to Netherlands-based Vivera.
Ben & Jerry's accused its parent company, Unilever, of ousting its CEO, court documents show. Ben & Jerry's suit against Unilever, which is ongoing, accused it in a new filing of silencing activism.
Ben & Jerry's said its parent, Unilever, decided to oust the ice cream maker's chief executive, Dave Stever, escalating a battle over the subsidiary's independence on social policy issues.
Ben and Jerry's claims its chief executive has been sacked amid a longstanding row with its UK parent firm over the ice cream maker's political activism.
Unilever PLC (NYSE:UL ) Barclays Fireside Chat Conference March 6, 2025 11:00 AM ET Company Participants Fernando Fernandez - CFO Conference Call Participants Warren Ackerman - Barclays Warren Ackerman Hi, everybody. I'm Warren Ackerman, Head of Consumer Staples at Barclays.
Big Food's worst nightmare is unfolding across U.S. supermarket aisles.
Unilever's stock dipped following a Q4 earnings miss and the unexpected departure of CEO Hein Schumacher, raising questions about its turnaround momentum. Unilever's performance has been favorable relative to many peers over the past couple of years. With somewhat improved operational results and a fair valuation, there is still a case for owning Unilever here.
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.
Unilever CEO Hein Schumacher is stepping down after less than two years in the job, the company said Tuesday. Current CFO Fernando Fernandez is set to take his place leading the company, effective March 1.
Unilever PLC (LSE:ULVR) giving CEO Hein Schumacher his marching orders after less than two years is "unexpected" but his replacement Fernando Fernandez is "best placed to accelerate the value unlock", Barclays said. On Tuesday morning, the FTSE 100 consumer goods colossus announced that Schumacher, who started in July 2023, will be stepping down at the end of the week, with finance chief Fernandez taking over as CEO.
Unilever (ULVR) shares fell 2% in early London trading on Tuesday following the surprise announcement that chief executive Hein Schumacher will step down after just 18 months in the role. The consumer goods giant, which has been undergoing a major strategic reset, has appointed finance director Fernando Fernandez as his successor, effective March 1.
Fernando Fernandez, the current CFO, will take over as chief executive of the maker of Dove soap and Hellmann's mayonnaise from Hein Schumacher, who's stepping down on March 1 “by mutual agreement.”