Unilever PLC Sponsored ADR (UL)
Shoppers turn to smaller food brands, cutting into Unilever, P&G profits
Big Food's worst nightmare is unfolding across U.S. supermarket aisles.
Unilever: Surprising CEO Departure Tempers My Enthusiasm (Rating Downgrade)
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 ousts CEO Hein Schumacher after less than two years
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 Schumacher to step down after less than two years in the job
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's CEO change 'a hard-nosed decision' but the right choice, says analyst
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 share price falls as CEO Hein Schumacher steps down after just 18 months
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.
Unilever promotes its ‘maverick' CFO to top spot in surprise move
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.”
Unilever parts company with CEO after less than two years
Unilever PLC (LSE:ULVR) chief executive Hein Schumacher will step down next week after less than two years in charge. The Anglo-Dutch consumer goods giant, maker of Domestos, Dove, Hellman's and Marmite, has decided to promote finance chief Fernando Fernandez to the CEO role instead.
Unilever CEO Schumacher to step down
Unilever said on Tuesday Hein Schumacher will step down as CEO and be replaced by finance chief Fernando Fernandez.
Unilever faces battle to reduce plant-based meat exposure
Unilever may struggle to attract buyers for its plant-based meat business, complicating the company's plan to cut its exposure to products which are falling out of favour with consumers, industry experts said.
Unilever: Growth Disappoints But Business Efficiency Process Continues
Unilever's modest revenue growth and improved profitability in FY 2024 were overshadowed by concerns over commodity inflation and subdued H1 2025 expectations. The company is focusing on high-demand, high-margin brands, with significant growth in the Beauty & Wellbeing and Personal Care segments. Unilever plans to demerge its Ice Cream segment by 2025 and streamline its Foods segment by selling underperforming brands.
Ben & Jerry's accuses parent Unilever of banning it from criticizing Trump
Ben & Jerry's accusations came in its lawsuit seeking to stop Unilever's alleged efforts to dismantle its independent board and end its social activism.
