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The Latest Breaking News from Fernando Fernandez

Unilever shareholders confront bosses with concerns over tie-up with US rival

The board were forced to defend the £33.8 billion deal at its annual general meeting in London.

Evening Standard

Unilever considers selling food unit after receiving McCormick offer

Unilever considers selling food unit after receiving McCormick offer

The move would represent a major shift for the consumer goods giant, which is increasingly focusing on personal care and beauty products under its new chief executive.

Retail drags on FTSE as stocks drift ahead of US interest rate decision

Retail drags on FTSE as stocks drift ahead of US interest rate decision

In London, retailers were a soft feature after a report showed annual UK retail sales growth decelerated in November.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

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'Are They Good Enough?': Unilever CEO Declares War on Mediocrity With Plan to Axe Up to 50 Executives

Unilever's CEO Fernando Fernandez is overhauling the leadership, refreshing 25 per cent of top managers, spinning off its ice-cream arm, and focusing investment on high-growth markets to reignite performance.

International Business Times UK

Price hikes help Unilever, Nestlé beat analyst estimates

Consumer companies like Unilever and Nestlé constantly jostle over pricing to deliver strong top-line figures without upsetting shoppers.

Magnum and Ariel makers say prices may rise further amid tariff pressures

Unilever and Procter & Gamble indicate more increases could be on way as Trump policy affects ingredient costs

The Guardian - UK

Unilever to update on turnaround under new boss amid mounting trade pressure

The company is midway through a major turnaround plan which involves 7,500 previously announced job cuts and selling its ice cream division.

Evening Standard

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Wild co-founders ‘land £100m’ from sale of natural deodorant maker

Wild co-founders ‘land £100m’ from sale of natural deodorant maker

Childhood friends sell upmarket brand to Unilever, the maker of Marmite, Dove soap and Lynx deodorant

The Guardian - UK

Refillable personal care brand Wild bought by Unilever

Wild makes premium deodorants, lip balms, bodywashes and handwashes using plant-based ingredients, with refillable, plastic-free packaging.

The Independent UK

Unilever's new CEO wants to make the Dove soap maker popular with influencers as a 'machine of content creation'

Unilever's new CEO wants to make the Dove soap maker popular with influencers as a 'machine of content creation'

“I don’t have any emotional engagement with any brand when it comes to portfolio management,” Unilever CEO Fernando Fernandez said.

Unilever's CEO shakeup suggests that growth must be fast and outsized

Unilever's CEO shakeup suggests that growth must be fast and outsized

Hein Schumacher's tenure as Unilever's CEO ended in less than two years because the board wanted a more rapid pace of transformation.

Inside Nelson Peltz's civil war at Unilever

Inside Nelson Peltz's civil war at Unilever

Also: BP falls back in love with oil, an attempted coup at City Developments Limited.

A brutal ousting at Unilever? Not really. Boards shouldn’t be sentimental about chief executives

A brutal ousting at Unilever? Not really. Boards shouldn’t be sentimental about chief executives

Getting rid of Hein Schumacher may not follow the usual FTSE 100 script, but boards should be free to make clinical judgments if there’s a better option

The Guardian - UK

Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher

Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher

"The step-up from CFO to CEO by Fernandez will be liked by many investors," Jefferies analyst David Hayes said of the Unilever CEO transition.

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The Guardian - UK

Unilever ousts CEO Hein Schumacher to speed turnaround

Marmite, Dove and Ben & Jerry’s maker announces finance chief Fernando Fernandez will take over in surprise move

The Independent UK

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

Hein Schumacher will leave the role ‘by mutual agreement’ on March 1, replaced by chief financial officer Fernando Fernandez

Evening Standard

Unilever boss leaving after less than two years at the helm

Hein Schumacher will leave the role ‘by mutual agreement’ on March 1 and be replaced by recently appointed chief financial officer Fernando Fernandez.

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