Unilever has reportedly appointed executive search firm Spencer Stuart to seek a new board chair to replace Nils Andersen.
Unilever
26 April 2024 17:21:19
Source: Sharecast
Bloomberg cited people familiar with the matter as saying that the consumer goods giant hired the search firm after a run of missteps fuelled investor frustration.
Unilever has shaken up senior management since appointing activist investor Nelson Peltz to the board last year. Hein Schumacher will become CEO in July, replacing Alan Jope, while chief financial officer Graeme Pitkethly plans to retire next year.
Victoria Scholar, head of investment at Interactive Investor, said: "Nils Anderson has been chairman since November 2019 with shares down under his tenure, underperforming the FTSE 100.
"A new leadership team could help offset recent criticism of profiteering and put its failed acquisition of GSK’s consumer healthcare division to the past."
Whether you're looking for a Share Dealing Account, Stocks and Shares ISA or a Self-Invested Personal Pension (SIPP), we've got an account to suit your needs..
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
