Hein Schumacher, the chief executive of Unilever, has stepped down after less than two years in the role, as the company aims to improve its sales and profits. His departure was announced on February 25, 2025, in London, and he will be succeeded by Chief Financial Officer Fernando Fernandez starting March 1.
- Unilever CEO Hein Schumacher resigns unexpectedly.
- Fernando Fernandez appointed as interim CEO.
- Unilever implementing Growth Action Plan.
- Company shares fell nearly 1.6%.
- Analysts view resignation as surprising twist.
- Unilever plans to spin off ice cream business.
Unilever, known for its popular brands such as Ben & Jerry’s and Dove, is currently implementing a Growth Action Plan aimed at cutting costs and boosting profitability. The announcement of Schumacher’s resignation comes as a surprise to many analysts, including Matt Britzman from Hargreaves Lansdown, who described it as a “surprise twist.” This transition may signal a new direction for the company that investors have anticipated.
Fernando Fernandez, who will replace Schumacher, has been praised by Unilever Chairman Ian Meakins for his decisive and results-oriented leadership. The board expressed confidence in Fernandez’s ability to lead the management team and deliver on the company’s growth objectives. Unilever’s shares fell by nearly 1.6% following the News of Schumacher’s departure, reflecting market uncertainty.
In addition to leadership changes, Unilever is also restructuring its operations. The company plans to cut approximately 7,500 office-based roles as part of its strategy to enhance efficiency through technology. Furthermore, Unilever is considering spinning off its ice cream business to create a more focused company, as this segment has distinct operational challenges.
In summary, Hein Schumacher’s unexpected resignation as Unilever’s CEO marks a significant shift for the company as it navigates challenges in sales and profitability. With Fernando Fernandez stepping in, Unilever aims to implement its Growth Action Plan effectively and enhance shareholder value.
