Unilever ousts CEO Schumacher, finance chief to replace him
Unilever has ousted its CEO Hein Schumacher and replaced him with finance chief Fernando Fernandez, who will take over the challenging task of reviving the consumer group's performance. The sudden departure of Schumacher after less than two years in the job led to a sharp decline in Unilever's shares, which fell as much as 3.4% on Tuesday. Fernandez, who has been with Unilever for over 30 years, was seen by the board as the right person to execute the company's strategy.
- The swift succession of CEOs in the consumer goods industry suggests a growing unease among investors and stakeholders about the ability of companies to navigate economic downturns and supply chain disruptions.
- How will the leadership changes at Unilever impact the company's long-term competitiveness and its ability to adapt to shifting market trends and consumer preferences?