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.
Unilever Q4 Margins Up, Revenue Misses
Consumer goods manufacturing giant Unilever (UL -5.46%) reported mixed fourth-quarter and full-year 2024 earnings on Thursday, Feb. 13. Its underlying earnings per share (EPS) of 2.98 British pounds narrowly exceeded analyst consensus expectations of 2.965 pounds thanks to solid operational efficiency.
Unilever CEO sees growth slowing in early 2025
Hein Schumacher, CEO of Unilever, weighs in on the company's latest earnings and its efforts to regain market share from private labels.
Unilever PLC (UL) Q4 2024 Earnings Conference Call Transcript
Unilever PLC (NYSE:UL ) Q4 2024 Earnings Conference Call February 13, 2025 3:00 AM ET Company Participants Hein Schumacher - CEO Fernando Fernandez - CFO Jemma Spalton - Head of IR Conference Call Participants Warren Ackerman - Barclays Celine Pannuti - JPMorgan Chase & Co. Jeffrey Stent - BNP Paribas Exane Jean-Olivier Nicolai - Goldman Sachs Group Guillaume Delmas - UBS Jeremy Fialko - HSBC Victor Ma - TD Securities Thomas Sykes - Deutsche Bank Hein Schumacher Good morning and welcome to Unilever's Full Year Results. Thank you for joining us.
Ben & Jerry's maker set for listing on three exchanges as Unilever forecasts ‘slower start'
Unilever on Thursday moved forward with its plan to separate its ice cream-making division, saying it will be listed on three stock exchanges.
Unilever unveils €1.5bn buyback, Ice Cream to float in Amsterdam, London and NY
Unilever PLC has also announced a new share buyback of up to €1.5 billion, and said it will spin out its ice cream business with joint listings in Amsterdam, London and New York. The final results "reflect a year of significant activity as we focused on transforming Unilever into a consistently higher performing business", says CEO Hein Schumacher.
