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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Unilever boss could be paid up to €17.4m if he hits maximum targets

Hein Schumacher, who joined Unilever in June last year, took home €3.9m for his first six month as chief executive.
Hein Schumacher, who joined Unilever in June last year, took home €3.9m for his first six month as chief executive. Photograph: Unilever/FrieslandCampina/Reuters

Unilever could face a potential row with shareholders after it emerged that the new boss of the consumer goods company can earn up to €17.4m (£14.9m) this year if he hits maximum targets.

Hein Schumacher, who joined the owner of Marmite, Domestos and Dove in June last year, took home €3.9m for his first six months as chief executive. He earned a €1.86m annual bonus on top of his €1.4m in basic pay and benefits, which included €292,492 to help cover his relocation to the UK, according to Unilever’s annual report published on Thursday.

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