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The Independent UK

Business

Holly Williams

Unilever shares drop after announcing surprise CEO departure partway through strategy shift

Unilever Hein Schumacher Fernando Fernandez

Unilever owns consumer brands including Hellman’s, Dove and Marmite - (PA Media)

Unilever chief executive Hein Schumacher will leave next month after less than two years in the top job, the consumer goods giant has revealed. The Marmite-to-Dove soap group said Mr Schumacher will leave the role “by mutual agreement” on March 1.

He will be replaced by recently appointed chief financial officer Fernando Fernandez, who was president of beauty and wellbeing before taking on the top finance role in the firm in January 2024.

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