Unilver is poised to search for a successor to long-serving boss Paul Polman, it was claimed last night.
The consumer goods giant, which owns brands including Hellmann’s mayonnaise, Lipton Ice Tea, Dove and Persil, has reportedly hired headhunters in preparation for the departure of its chief executive.
Polman’s departure date has not been fixed but could be in 18 months.
His exit has been mooted as the FTSE 100 firm carries out a major shake-up of its businesses and reviews whether it will remain listed in London.
Polman, who was paid £8.4million last year, has been at the helm since January 2009 and was in charge when the company fended off a £115billion takeover bid by Kraft Heinz.
The 61-year-old launched an overhaul soon after, including a merger of the company’s food and refreshment arms.
Source: This is Money
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.