1 minute read
Unilever begins hunt for new chair as boardroom shake-up continues
by cityam
LAURA MCGUIRE
UNILEVER has reportedly started hunting for a new chair as a shake-up of its senior-level team continues.
The Ben and Jerry’s and Dove soap maker is said to have drafted in the executive search firm Spencer Stuart to scour for a new chair to replace Nils Anderson, according to Bloomberg.
The consumer goods giant has overhauled its top management in recent months, replacing its CEO and waving goodbye to its CFO. Hein Schumacher takes the reigns as new chief executive in July.
The shake-up comes after Unliever failed to take over GSK’s consumer goods business for £50bn, a move said to have been criticised by investors.
So far this year, Unilever has raised its profit expectations after raking in strong sales off the back of rising prices, with underlying sales growth up 10.5 per cent to almost £10.1bn (€11.5bn) in the first quarter.
Unilever’s share price closed down 0.63 per cent yesterday.
City A.M. contacted Spencer Stuart and Unilever for a comment.
