Sector News

Unilever starts hunt to replace long-serving boss Paul Polman

November 24, 2017
Food & Drink

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

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