TYB
sorry, not that particular anon.. but here it is
CEO of Ben & Jerry’s parent company and DS shiitehouse UNILEVER unexpectedly steps down
London (CNN) — The chief executive of Unilever, which owns ice cream brands such as Ben & Jerry’s and Magnum, has stepped down after less than two years at the helm, as the UK company works to boost its lackluster sales and profits.
Hein Schumacher will be replaced by Unilever’s Chief Financial Officer Fernando Fernandez on March 1, the company said in a statement Tuesday.
“The board has been impressed with Fernando’s decisive and results-oriented approach and his ability to drive change at speed,” Unilever Chairman Ian Meakins said in the statement.
Meakins added that the board is “very confident in (Fernandez’s) ability to lead a high-performing management team, realize the benefits of the (growth plan) with urgency and deliver the shareholder value that the company’s potential demands.”
The surprise announcement of Schumacher’s departure comes as the consumer goods giant implements its so-called Growth Action Plan, a program unveiled in late 2023 to cut costs and boost sales and profitability.
Shares in Unilever (UL) were down almost 1.6% by 5.43 a.m. ET Tuesday.
https://www.wqow.com/news/ceo-of-ben-jerry-s-parent-company-unexpectedly-steps-down/article_cc46442f-c3c4-5796-8bad-60abd73d87e8.html
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