Unilever's new chief executive, Fernando Fernandez, has initiated a sweeping overhaul of the company's leadership, pledging to replace up to 25% of its top 200 managers, around 50 executives, as part of a broader strategy to revitalise the consumer goods giant.
Speaking at the Barclays Global Consumer Staples Conference in Boston, Fernandez did not mince words. 'Are they good enough? Are they at the level that Unilever deserves?' he asked, referring to the company's senior leadership.
